NEW DELHI (Reuters) - India will talk to Iran about paying for its oil imports fully in rupees after the Middle Eastern nation ended a brief trial of the mechanism and reverted to a system of partial rupee payments, an Indian oil ministry official said.
Iran, isolated from the global financial system due to U.S. and European Union sanctions against its nuclear programme, wants to boost imports from India to fix its trade imbalance and utilise billions of rupees lying in an Indian bank account.
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