Friday, 24 March, 2023

India expects to trade with Russia, Sri Lanka for $8-$9B in next two months

<p>After allowing foreign trade in rupees, India anticipates bilateral trade with Russia and Sri Lanka around $8&ndash;9B&nbsp;over the following two months. Last month, the RBI&nbsp;permitted importers and exporters to make payments in the rupee which&nbsp;is partially convertible. Between the end of July and February 24 when Russia attacked Ukraine, India&#39;s imports from Russia, primarily crude oil, increased roughly five times to more than $15B.</p> <p><br /> &nbsp;</p>