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Russia buys Indian defence equipment worth $4bn; pays in Rupees
short by The Geostrata / on Sunday, 12 May, 2024
Exporters in Russia, who started trading with India using Indian rupees, have recently spent nearly $4 billion to buy India-made defence equipment and armaments, among other imports and Indian securities. This amount comes from funds which were in their Vostro accounts, which allow transactions between foreign parties.
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