![India begins Rupee payment for Iran oil [PressTV]](http://d38zt8ehae1tnt.cloudfront.net/India_begins_Rupee_payment_for_Iran_oil_PressTV__109563.jpg?v=)
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- uploaded: Aug 7, 2012
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India has started to pay for Iranian crude oil in its own currency. For the first time last week India's Hindustan Petroleum paid 2.75 billion Rupees through this system.
The money went into Iran's newly opened account in India's UCO bank. The amount equaling $ 50 million was the partial payment for its oil imports in the month of May.
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