India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow to keep rupees in its coffers, Reuters reported on Thursday, citing two Indian government officials and a source with direct knowledge of the matter. (Reporting by Reuters, writing by Alexander Marrow, editing by Mark Heinrich)
MOSCOW, May 5 (Reuters) - Russia has accumulated
billions of rupees in Indian banks and needs to convert them
into other currencies, Russian Foreign Minister Sergei Lavrov
said on Friday.
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