'Russia and India's 96% bilateral trade now through Rupee-Rouble payment infra'
Economic Times 1 hr ago·2 Sept 2026, 8:26 pm
Russia and India have successfully integrated their currencies for trade, with the Rupee-Rouble payment system now handling 96% of bilateral transactions. This infrastructure, considered highly reliable by Moscow, processes most trades within ten minutes, often completing in under a minute. The move allows both nations to bypass Western payment rails and manage their growing trade volume efficiently.
For investors, this development highlights a deepening economic partnership that is increasingly resilient to external sanctions. It signals a shift towards using local currencies in international trade, which could benefit Indian exporters and importers dealing with Russia. The strong trade volume, reaching $70 billion in 2024, suggests a robust and growing relationship between the two economies.
Investors should watch for any updates on the volume of transactions processed through this system and how it impacts India's overall trade balance. Additionally, monitoring the stability of the Rupee-Rouble exchange rate will be crucial as this infrastructure becomes the primary method for settling trade between the two nations.
Excerpt from Economic Times
Russia and India have established a functioning payments infrastructure using roubles and rupees. This system now accounts for ninety-six percent of their bilateral trade transactions. Bilateral trade between the two nations reached seventy billion dollars in 2024. The payment mechanism is considered one of Russia's…Read the original at Economic Times
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