{"id":656353,"date":"2025-12-15T08:51:36","date_gmt":"2025-12-15T03:21:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=656353"},"modified":"2025-12-15T09:39:48","modified_gmt":"2025-12-15T04:09:48","slug":"trade-imbalances-slow-adoption-of-rupee-oil-payments","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/trade-imbalances-slow-adoption-of-rupee-oil-payments\/","title":{"rendered":"Trade imbalances slow adoption of rupee oil payments"},"content":{"rendered":"<p>Oil companies in India are increasingly engaging with suppliers to negotiate crude oil settlements in Indian rupees (INR), but foreign suppliers remain hesitant to accept the currency, citing trade imbalances, according to the ministry of petroleum and natural gas. <\/p>\n<p>The ministry\u2019s statement comes in response to a parliamentary committee recommendation advocating for the settlement of crude oil imports in rupees to conserve the country\u2019s foreign exchange reserves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil companies in India are increasingly engaging with suppliers to negotiate crude oil settlements in Indian rupees (INR), but foreign suppliers remain hesitant to accept the currency, citing trade imbalances, according to the ministry of petroleum and natural gas. The ministry\u2019s statement comes in response to a parliamentary committee recommendation advocating for the settlement of crude oil imports in rupees to conserve the country\u2019s foreign exchange reserves.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-656353","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/656353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=656353"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/656353\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=656353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=656353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=656353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}