India’s use of rupee for import, export payments could boost Iran trade
Iran is seeking to boost trade with both Russia and India at present.
![A man counts Indian rupee notes in Mumbai on May 9, 2022.](/sites/default/files/styles/article_hero_medium/public/2022-07/GettyImages-1240555460.jpeg?h=69f1eb85&itok=IThNNSHf)
A new Indian financial policy could help the country’s trade with Iran.
What happened: The Reserve Bank of India decided Monday to allow imports and exports to be paid in India’s currency, the rupee.