India, the world's third-biggest oil consumer, meets more than 80 per cent of its oil needs through imports
India was considering paying through Iran's Bank Pasargad. Or, it can opt for partial rupee payment via UCO Bank
The US has told India and other countries to cut oil imports from the Gulf nation to "zero" by November 4 or face sanctions
US curbs on Iran's vital oil exports are set to come into force on November 4
He says India has its own energy requirements which it has to fulfil
Indian Oil recently made some payments for Iran oil in rupees, says chairman
India has not yet decided whether to completely stop purchasing Iran's oil despite its already reduced imports
The move comes after senior US officials visited the refiner in Beijing last month, demanding steep cutbacks in Iranian oil purchases, said one of the sources
India, Iran's second-biggest oil client behind China, has already reduced its intake of Iranian oil but has not yet decided whether to end purchases completely
Iran will keep selling oil in spite of an expected resumption of US sanctions on the country's crude shipments, said Rouhani
Asia is Iran's biggest customer, but Europe took a growing share of exports in 2017