Oil sale: Will Saudi accept Iran model for India?

India suggested world's biggest oil producers that they allow India to pay for oil in rupees instead of euros or dollar. Recently India paid Iran (its third-largest oil supplier) in rupees and in turn Iran used some of the rupees to buy medicine and food grains from India. India is a major demand driver and if forced into alternatives can lead to a demand destruction.

from Times of India https://ift.tt/2R16z4v

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