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RBI working to provide avenues to Russian trade counterparts for INR use

The Reserve Bank of India is creating new ways for Russian businesses to use their accumulated Indian rupees. These rupees can now be used to pay for imports into India or for making investments. This move aims to boost trade in local currencies between India and Russia. Increased transactions will help the market for INR-Rouble trade to grow.

19 Mar 2026 2:36 pm