Russia currency rate in india today

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Russia and India reportedly halt talks over using rupees for trade, with Moscow preferring to be paid in Chinese yuan Russia and India have suspended negotiations over using rupees for trade between the two countries, with Moscow reluctant to keep the Indian currency on hand, The halt in talks deals a blow to Indian importers of cheap Russian oil and coal who were looking forward to a permanent rupee payment mechanism that would help bring down costs for currency conversion. Russia, with a high trade gap in its favor, believed it would have an annual rupee surplus of more than $40 billion if a mechanism were enacted. Moscow felt that accumulating rupee is "not desirable," the report said, citing an unnamed official with the Indian government. India's finance ministry, the Reserve Bank of India and Russian authorities did not immediately respond to requests from Reuters for comment. Russia wants to be paid in Chinese yuan or other currencies, a second Indian government official involved in the discussions told Reuters. India began exploring a rupee settlement mechanism with Russia soon after Moscow launched war against the former Soviet state. No reported deals have been conducted using rupees, Reuters reported. A currency dispute between Russia and India left deliv...

Mumbai, India–Indian authorities are actively considering dedicated payment mechanisms for trade with Russia to enable existing trade obligations in the wake of sanctions imposed on the Kremlin, a move that will also pave the way for cheaper oil imports to meet the country’s energy demands. In the past month, as For the rupee-rouble mechanism to be implemented, Indian importers would pay for goods to the accounts of Russian banks in India and they in turn would make the payment in roubles to the Russian exporters. But since India’s imports outweigh its exports, the only way the Russian banks can get rid of their piled up rupees is if India exports more, experts say, opening up an opportunity for manufacturers of agricultural machinery, medicine, furniture and bathroom fittings, among other goods, who are looking for new markets. “We need to be aware of where Russia would want to look at import substitution,” said Nandan Unnikrishnan, distinguished fellow at the Observer Research Foundation (ORF). Some of those exports will come from India’s medium and small industries who can also look at setting up units in Russia, he added. “They don’t have a lot of experience with SMEs [Small Medium Enterprises] and we have a huge amount of experience there that we could share practically and on the ground.” Cheap Russian oil India imports 86 percent of its oil requirements. On Tuesday, India’s crude oil basket was priced at $109 per barrel for its crude imports. While down from $128.24...

Introduction India’s oil imports from Russia have gone up from 0.2 percent of total crude imports to 10 percent since April 2022, with However, as sanctions have cut off major Russian banks from SWIFT, the rising imports raised the question of payments to Russia, that were earlier made in dollars. Precedents Even though historically Russia and India had a successful experience with trade schemes in national currencies, today’s realities are quite different. Globalisation means that both countries are integrated into the global economy. However, since 2014, Moscow has been searching for ways to de-dollarise its economy and foreign trade. At first, these attempts appeared to be futile as both Russian companies and their foreign partners were not willing to shift away from a more predictable US dollar. Only Belarus and Kazakhstan, which are Eurasian Economic Union members and Russia’s closest neighbours, conducted more transactions in rubles than India. However, the adoption of (Countering America’s Adversaries Through Sanctions Act) CAATSA legislation in 2017, effectively barring any ‘significant transactions’ with Russian defence entities, and the US withdrawal from JCPOA in 2018which implied a ban on imports of Iranian oilsubstantially triggered the efforts by different actors to create alternatives to US dollar transactions. In India’s case, for instance, the threat of secondary sanctions under CAATSA forced a significant increase in the Russian ruble utilisation in recen...

Changes for the week (7 days) Date Day of the week 1 INR to RUB Changes Changes % June 9, 2023 Friday 1 INR = 1.00 RUB +0.01 RUB +0.92% June 10, 2023 Saturday 1 INR = 1.00 RUB -0.0001 RUB -0.01% June 11, 2023 Sunday 1 INR = 1.00 RUB -0.0001 RUB -0.01% June 12, 2023 Monday 1 INR = 1.02 RUB +0.01 RUB +1.41% June 13, 2023 Tuesday 1 INR = 1.02 RUB +0.0024 RUB +0.23% June 14, 2023 Wednesday 1 INR = 1.02 RUB +0.0036 RUB +0.36% June 15, 2023 Thursday 1 INR = 1.02 RUB -0.0048 RUB -0.47% The cost of 1 Rupee (INR) in Russian Rubles for a week (7 days) increased by +₽0.02 (zero ruble two copecks). Changes for the month (30 days) Date Day of the week 1 INR to RUB Changes Changes % May 16, 2023 Tuesday 1 INR = 0.98 RUB +0.01 RUB +0.60% June 15, 2023 Thursday 1 INR = 1.02 RUB +0.04 RUB +3.99% The cost of 1 Rupee (INR) in Russian Rubles for a month (30 days) increased by +₽0.04 (zero ruble four copecks). Changes for the year (365 days) Date Day of the week 1 INR to RUB Changes Changes % June 15, 2022 Wednesday 1 INR = 0.73 RUB -0.01 RUB -1.85% June 15, 2023 Thursday 1 INR = 1.02 RUB +0.28 RUB +27.88% The cost of 1 Rupee (INR) in Russian Rubles for a year (365 days) increased by +₽0.28 (zero ruble twenty-eight copecks). Cross rate of 1 INR to other currencies

Russian Ruble Exchange Rates Table Top 10 Jun 15, 2023 23:25 UTC Russian Ruble 1.00 RUB inv. 1.00 RUB US Dollar Euro British Pound Indian Rupee Australian Dollar Canadian Dollar Singapore Dollar Swiss Franc Malaysian Ringgit Japanese Yen Alphabetical order Jun 15, 2023 23:25 UTC Russian Ruble 1.00 RUB inv. 1.00 RUB Argentine Peso Australian Dollar Bahraini Dinar Botswana Pula Brazilian Real Bruneian Dollar Bulgarian Lev Canadian Dollar Chilean Peso Chinese Yuan Renminbi Colombian Peso Czech Koruna Danish Krone Euro Hong Kong Dollar Hungarian Forint Icelandic Krona Indian Rupee Indonesian Rupiah Iranian Rial Israeli Shekel Japanese Yen Kazakhstani Tenge South Korean Won Kuwaiti Dinar Libyan Dinar Malaysian Ringgit Mauritian Rupee Mexican Peso Nepalese Rupee New Zealand Dollar Norwegian Krone Omani Rial Pakistani Rupee Philippine Peso Polish Zloty Qatari Riyal Romanian New Leu Saudi Arabian Riyal Singapore Dollar South African Rand Sri Lankan Rupee Swedish Krona Swiss Franc Taiwan New Dollar Thai Baht Trinidadian Dollar Turkish Lira Emirati Dirham British Pound US Dollar Venezuelan Bolivar