India will buy oil in rupees and drop the dollar to buy iranian oil.

[Path-Finder]

https://twitter.com/x/status/1001927478191915008

 

[Nilgiri]

Thats good if it happens. Iran will also be more inclined to buy Indian exports in return too. Another option is direct bartering too.

 

[XDescendantX]

First New Delhi said they would buy Iranian oil with gold but now with rupees. What's next... cows or even sacred cows?

 

[my2cents]

First New Delhi said they would buy Iranian oil with gold but now rupees. What's next... cows or even sacred cows?

We export 15 billion dollars in goods to Iran. This we can barter with oil. Rest we can with gold or rupee.

 

[doorstar]

It will be a buyers market so they'll take whatever you give

 

[Offshore]

i can't believe Iran will accept toilet paper???

 

[doorstar]

i can't believe Iran will accept toilet paper???

1 US dollar is equal to 00,067.43 Indian Rupees
1 US dollar is equal to 42,091.77 Iranian Rial

1 Indian rupee is equal to 624.18 Iranian Rial

 

[AZADPAKISTAN2009]

India's actions look like this in dating term

Aunty helping young boy grow up courting Iranian oil now

Every day a new drama

 

[IndoCarib]

good deal. India stands to gain billions in dollars in foreign exchange

 

[AZADPAKISTAN2009]

Open snub to America , what times we live in friend is not a friend and frenemy is not frenemy

 

[ghameed]

Thats good if it happens. Iran will also be more inclined to buy Indian exports in return too. Another option is direct bartering too.

This was the status quo before the jcpoa...I think Iran got a bit cocky after the agreement , and revoked most of the informal understandings in trade with India . Now they are at a worse off bargaining position with India ,having lost all the leverage of mutual trust....

I think Iran really needs to acknowledge true friends like India who stood by Iran's side when the times were tough for them

 

[Lucky Breeze]

And Iran will buy tejas and dharruv with those indian rupees.

Aunty helping young boy grow up courting Iranian oil now

Exactly, the way she is showing her skin, looks like she is going to get a crush on crude oil massage.

 

[sputnik]

https://twitter.com/x/status/1001927478191915008

FYI, All Iranian companies are already using INR for buying stuff from India and India already paying in INR for oil for more than a year now. We dealing with Iranian companies and all L/c we are receiving are in INR and not USD.
Also like to tell you that even Saudi and Pakistani companies and trading house are OK with doing business in INR. HERE I am talking abt. Big Saudi companies because of Al-rajahi bank incident thanks to pakistani banks.

 

[PurpleStone]

And Iran will buy tejas and dharruv with those indian rupees.

Tejas uses US engine.

 

[Lucky Breeze]

Tejas uses US engine.

kaveri amma kahan gaen??