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India exempts rupee payments for Iran oil from hefty taxes
India's Finance Ministry exempted rupee payments made to the National Iranian Oil Company (NIOC) for crude oil imports from a steep withholding tax, according to a government order reviewed by Reuters.
Elections, USD strength and oil price to determine rupee direction: Report
The US dollar strength, oil prices and next year’s general elections will determine the rupee’s direction in the near-term, with fundamentals being supportive for the domestic currency over the next 6-12 months, said a report by Standard Chartered.
Oversold rupee to rise as oil peaks, biggest India bank says
India’s rupee may be set to recover as oil peaks out and investors realize the currency has been sold off too heavily amid the emerging-market rout, State Bank of India said.
India to pay for Iran oil in Rupee: Indian media
Indian refiners will pay for oil from Iran in rupee, using UCO Bank and IDBI Bank, from November 4 when petroleum-related sanctions against Iran take effect, Indian media reported on Thursday.
India economy accelerates as rupee declines
India's economy has seen its fastest quarterly growth in two years, even as its rupee currency continues to fall.
Indian rupee window closes as Modi eyes key poll
A deadline for Indians to deposit invalid rupee notes at banks closes on Friday as attention turns towards the potential political ramifications of Prime Minister Narendra Modi's bold currency shakeup.
India scraps 500 and 1,000 rupee notes
Indian Prime Minister Narendra Modi has announced that 500 and 1,000 rupee notes are to be taken out of circulation, in a move expected to plunge the country’s economy into chaos.
India caps Iran payments to shield rupee
Reports say the Reserve Bank of India (RBI) has capped weekly dollar purchases by oil refiners to pay off their debts to Iran in order to avoid pressure on the rupee.
Rupee opens higher
The partially convertible rupee trades at 61.69 per dollar compared with its previous close of 61.85. The Indian rupee strengthened against the dollar on Friday morning, tracking mixed cues from other Asian currencies.
Iran’s rupee account to finance India project exports
India will unlock funds in Iran’s rupee account to finance project exports in sectors such as railroads and ports.

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