May 12 2012
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4 Iranian banks settle trade payments in rupees
Yahya Ale-Eshaq, President, Tehran Chamber of Commerce, Industries and Mines, said bilateral trade payments aggregating to Rs 700 crore have been settled between the Indian public sector bank and the four Iranian banks. Mr Rafeeque Ahmed, President, FIEO, said bilateral trade between India and Iran will increase to $25 billion by 2016.
© Tehran Times 2012
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