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The Reserve Bank of India's move to put in place a mechanism to settle international trade in rupees will boost tea and basmati rice exports to Russia and Iran, where they had been facing problems over payment. Russia and Iran are major…

The Indian central bank's decision to let importers pay with rupees and exporters be paid in rupees is likely to make trade easier with Russia and South Asian neighbours, and will help a long term goal to internationalise the currency,…

NEW DELHI: Foreign secretary Vinay Kwatrahad a telephonic discussion with Iran's deputy minister for political affairs Ali Bagheri Kani on Tuesday on "various elements" of bilateral ties, including progress on the Chabahar Port. As per…

NEW DELHI: Foreign secretary Vinay Kwatra on Tuesday spoke to Iranian deputy minister Ali Bagheri Kaniwith a focus on the Chabahar port project, the situation in Afghanistan and ways to address common challenges in the region. Kani is…

Russian President Vladimir Putin has strongly pushed the International North South Transport Corridor (INSTC) as the key connectivity link between Russia and India via Iran by describing it as a truly ambitious project notwithstanding…

Russian President Vladimir Putin has strongly pushed the International North South Transport Corridor (INSTC) as the key connectivity link between Russia and India via Iran by describing it as a truly ambitious project notwithstanding…

The United States on Thursday imposed sanctions on Iranian petrochemical producers as well as Chinese and Indian brokers, expanding pressure amid a deadlock in negotiations on restoring a nuclear deal. President Joe Biden's…