25 Aug 23 2 min read
Insights
- India is working to increase trade in INR with Russia.
- India's textile trade with Russia remains small, with $14.253 million in apparel and $2.045 million in fabric exported in the first 5 months of 2023.
- An INR trade mechanism has been initiated, with the RBI issuing guidelines for opening SRVA by Russian banks in Indian commercial banks.
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