28-July-2026
Economy News
 
Russian oil purchases drive rise in rupee trade, with India settling $15 billion in imports: Report
27-Jul-2026

Even as the Indian rupee fell to multiple record lows amid the escalation of the West Asia conflict, New Delhi used its domestic currency to settle nearly $15 billion (around Rs 1.38 lakh crore) worth of imports during March-May, according to a report by The Indian Express. The figure reveals an increase in the use of the rupee for international trade and coincides with a surge in India’s purchases of Russian crude oil.

News Source:- https://www.financialexpress.com/policy/economy/russian-oil-purchases-drive-rise-in-rupee-trade-with-india-settling-15-billion-in-imports-report/4302542/
 
 
 

Notes:
1. Copyright and ownership of all content from IMC and other IMC sites belongs to IMC except third-party resources
2. Copyright, intellectual property right, ownership or responsibility of error of other content belong to respective sources
3. Please do not reply to this mail

For suggestions and feedback click here.

Disclaimer:
IMC is not responsible for any kind of loss arising due to the information. You are receiving this newsletter because you have subscribed to this service. To unsubscribe click here.
Head Office : IMC Bldg., IMC Marg, Churchgate, Mumbai - 400 020 India  |   Tel : 91-22-22046633  |   Fax : 91-22-22048508 / 22838281
E-Mail : imc@imcnet.org  |   Website : www.imcnet.org