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Wednesday, August 14, 2024

India, Russia will look to balance trade

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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