Russia, India plan to drop use of US dollar, euro in bilateral trade: Russian diplomat | Economic Times

Russia, India plan to drop use of US dollar, euro in bilateral trade: Russian diplomat https://ift.tt/Axafqs2 the two countries switch to rupee-rouble settlement without addressing trade imbalance, then Russian banks that accept rupee payments from Indian buyers and release the corresponding amount to Russian sellers in rouble will see a huge pile-up of the rupee even after buying back all the rouble Russian buyers pay for Indian products and services.