Current Affairs medium MCQ

India pays for Russian oil imports primarily using which currency arrangement?

  1. Indian Rupee and third-country currencies
  2. US Dollar
  3. Euro
  4. Gold barter

Answer: Indian Rupee and third-country currencies

India has been paying for Russian oil using Indian rupees and third-country currencies like UAE dirhams and Chinese yuan, reducing dependence on the US dollar after sanctions.

Topic India-Russia Relations
Exam Relevance UPSC, SSC, Banking

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