SBI authorised to promote Rupee trade with Russia: Export industry body Prez

India has decided to authorise State Bank of India (SBI) to promote Rupee trade with Russia and soon, Russia will name its bank to operationalise the mechanism, said Federation of Indian Export Organisation President A Sakthivel. "[Commerce Secretary BVR Subrahmanyam] said very soon Russian government is going to identify a bank...Rupee trade with Russia will happen," Sakthivel said.