India asks refiners to buy dollars, euros to settle Iran oil dues

India has asked refiners that owe about $6.5 billion to Iran for oil imports to build up dollar and euro balances to avoid downward pressure on the rupee if six world powers and Tehran reach a......

India to pay Iran $900 mn in oil dues

India will pay Iran $900 million in two tranches beginning next week to clear part of the past dues for crude oil it buys from the Persian Gulf nation. This payment will be on top of $1.65......

India to clear $1.65 bln backlog of oil payment to Iran

India will pay Iran $1.65 billion through the UAE central bank to clear over 40 per cent of the backlog payments for oil imports.             Since February 2013......

India waits for Iran to open oil payments route, says RBI

India is waiting for Iran to tell it how to make payments for oil allowed under last month's deal with global powers on sanctions and will pay in installments, Reserve Bank of India Deputy Governor......