Russia says there’s a problem with billions of rupees it has in India that need to be converted


Source: ca.finance.yahoo.com ca.finance.yahoo.com

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A worker at a fuel station checks a 500 Indian rupee note after filing a vehicle with fuel in Kolkata February 3, 2011. REUTERS/Rupak De Chowdhuri Russia has accumulated billions of rupees that are sitting in Indian banks. But Moscow acknowledged that it's a problem and is looking to convert the rupees to another currency. Russia has a trade imbalance with India, which has been a top buyer of Russian energy. Russia has billions of rupees sitting in Indian banks but acknowledged there's a problem as it looks for ways to convert that currency. Foreign Minister Sergei Lavrov noted the...