Business deals, maritime corridors, govt securities how India’s helping Russia use its surplus rupees

News Snapshot:

A large amount of India’s non-oil imports from Russia, which are worth almost Rs 1 lakh crore, could be potentially at stake if the two governments fail to find a lasting solution. Several options are on the table, including potential business deals in India, infrastructure investments by the Russians, investments in government securities, and a potential system where Indian exporters can be paid directly in rupees, said government officials. New Delhi: The central government is working hard to figure out ways in which Russia can use the surplus rupees it is accumulating owing to its trade with India, ThePrint has...