RBI caps refiners' dollar buying for Iran dues to shield rupee: Sources
RBI has capped weekly dollar purchases by oil refiners to pay off their debts to Iran in order to avoid pressure on the rupee, three sources said on Monday./ has capped weekly dollar purchases by oil refiners to pay off their debts to in order to avoid pressure on the rupee, three sources said on Monday. India is one of the biggest buyers of Iranian crude and built up a payments backlog when Iran was under Western sanctions, with its refiners owing about $6.5 billion to Iran. They have cleared $770 million in euros through Turkey's (NIOC). ...
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