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Russia and India suspend efforts to trade in rupees Russia has accumulated billions of rupees and needs to convert them into other currencies, Russia's foreign minister has said. India and Russia suspended efforts to settle bilateral trade in rupees after months of negotiations failed to convince Moscow to keep the currency in its coffers. "As for rupees, this is a problem because there are billions of rupees accumulated in accounts at Indian banks and we need to use this money," Sergei Lavrov, Moscow's foreign minister, told a press conference in India. "For this, rupees should be converted into other currencies....