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India's Iranonomics: Centre wants Tehran to agree on rupee payment

The move has been triggered by Delhi's wariness of Beijing's growing focus on capturing export markets in Iran

DP World buys stakes in Peru's No. 2 container terminal, India logistics firm DP-WORLD-PERU Containers are seen on a container ship at DP World, Southampton Docks, in Southampton Containers are seen on a container ship at DP World, Southampton Docks,
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DP World buys stakes in Peru's No. 2 container terminal, India logistics firm DP-WORLD-PERU Containers are seen on a container ship at DP World, Southampton Docks, in Southampton Containers are seen on a container ship at DP World, Southampton Docks,

Subhayan Chakraborty New Delhi
The government is banking on its long economic and political partnership with Iran to start talks on establishing a rupee-based trade mechanism, similar to an earlier one between both nations.

The move has been triggered by Delhi’s wariness of Beijing’s growing focus on capturing export markets in Iran. And, on uncertainty over how crude oil import from Iran will be paid for if the current currency of choice, the euro, is also hit by the recent sanctions, a senior commerce ministry official said. The sanctions come when major Indian exporters from sectors such as textiles and engineering are heading to