Sensitive to the West's sanctions against Russia, says RBI governor

No decision yet on Rupee-Rouble trade

The Reserve Bank of India (RBI) on Friday said they will be sensitive to the sanctions imposed on Russia by the western countries for its invasion of Ukraine amid a growing demand of rupee-rouble from domestic traders to bypass the sanctions.

“…the importers and exporters have an issue…both have represented to the government and RBI. We are in discussion with the government,” RBI governor Shaktikanta Das said during the post monetary policy media interaction.

He, however, clarified that no decision has been taken so far on the rupee-rouble trade demand.

“We are sensitive to the sanctions and the entire thing