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Rupee Payment Mechanism To Be Used For Oil Import From Iran: Report
06 Dec 2018, 07:23 PM IST 
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Russian and Chinese shipping companies were pitching to facilitate India-Iran trade, report said.
New Delhi: India will import crude oil from Iran using a rupee-based payment mechanism, an industry source involved in discussions told news agency Reuters on Thursday, adding that 50 per cent of those payments will be used for exporting items to Tehran.
