iba: Russian companies investing rupee surplus in Indian government bonds: IBA chief
2023-05-16 10:02:33 Russian banks and companies who have trade surpluses with Indian lenders are using those rupee funds to invest in domestic government debt, the head of the Indian Banks’ Association (IBA) said on Tuesday. Investments by Russian banks and companies in Indian government bonds underline challenges in converting rupees into roubles, which has hampered … Read more