India and Russia sought to rebalance trade, which heavily favored Moscow, by discussing bilateral payment mechanisms and reducing barriers for Indian products like pharmaceuticals and meat. Despite a surge in trade during the Ukraine conflict, India's exports remained low. Officials noted a decrease in rupee trade volume due to reduced defense imports and used funds for settling Indian shipments.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2RfOdeC
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