More than six months after a Reserve Bank of India order threw out a mechanism to pay for Iranian oil, Oil Minister S Jaipal Reddy on Tuesday said India is trying to ensure uninterrupted supplies of crude from the Persian Gulf nation.
Pak seeks US help to ease tensions with India.
There is a congruence of interests between Ukrainian intelligence and its Western mentors to destroy Wagner and eliminate it from the geopolitical chessboard altogether, argues Ambassador M K Bhadrakumar.
The known unknowns in Prime Minister Modi's Saudi visit assume great significance, says Ambassador M K Bhadrakumar.
The Reserve Bank of India's rather sudden and unilateral decision to discontinue the Asian Clearing Union, a move that effectively stops settlements in dollars and the Euro, will most impact Mangalore Refinery, which sources 60 per cent of its crude needs from Iran.
Trump congratulated Modi on his election victory and said that the two countries would work together in many areas including military.
Iran is preparing for a trade and investment boom that could reshape the region after agreeing with world powers to curb its nuclear programme, paving the way for sanctions that have stifled its economy to be lifted.
Indians must remember that Pakistanis hate losing to India, at war or in cricket, says Sanjeev Nayyar.
The dollar index was trading higher by 0.06 per cent against its major global rivals today.
The Geneva agreement is a signal, which at least Saudi Arabia and Israel are so reading, that normalisation of relations between US and Iran is not merely about the nuclear fuel cycle, says K C Singh.
India-Israel relations are at a crossroads. Simply chanting old hackneyed mantras on terrorism, secularism, democracy, et al, won't suffice. There is danger of stagnation setting in, says Ambassador M K Bhadrakumar.
Rupee is under pressure against the dollar say currency watchers.
'Indian diplomacy in West Asia under the present government has been a success story -- and with Saudi Arabia in particular,' says Ambassador M K Bhadrakumar.
The Rupee is seen strengthening against the dollar.
Asia has opened largely in the green ahead of a raft of Chinese data due during the day.
'Both India and Pakistan are now, for the first time in history, very closely allied and connected with the US -- economically and politically.'
