Question

The country which has agreed to export petroleum and oil against payment in rupee instead of dollar is

Answer 1

Answer:

Hey friend,

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.

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.