India Proposes Investment Options for Russia's Rupee Surplus

India proposed investment options for Russia's accumulated rupees, unable to be used currently.
Rupee-ruble payments framework was set up but Russia accumulated surplus rupees from oil purchases.
Lavrov discussed bilateral issues with Jaishankar during ASEAN Summit.
India offered options to invest rupees like projects, investments, and government securities.
Russia invested surplus rupees in short-term treasury bills rather than long-term bonds.

moneycontrol.com

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Posted 9/10/2023, 11:04:01 AM