The country which has agreed to export petroleum and oil against payment in rupee instead of dollar is
Answers
Answer:
Iran is the country which has agreed to export petroleum and oil against payment in rupee instead of dollar.
India has made a deal with Iran to buy petroleum and oil by paying in Rupees. With this India has also dropped the quantity of petroleum and oil so as not put any impact on the US and Iran financial transactions.
Answer:
Hey friend,
The country which has agreed to export petroleum and oil against payment in rupee instead of dollar is iran.
India and Iran made a pact with each other which consisted of buying and selling of Petroleum in Rupees. This will not Impact Iran and USA relationship in terms of buying and selling Oil in dollars.
This switch of currency will help the Indians in buying more of petroleum as compared to before and the rate of consumption is altered accordingly.
Thanks for asking.