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"India, the world's fourth-largest oil consumer, buys around 12 percent of its oil from the Islamic Republic. It pays through a Turkish bank after a previous clearing mechanism was shut down in December 2010.
An Indian delegation went to Tehran last week to discuss options and the two sides have agreed India could use its restricted rupee currency for some of the payments, media reports said quoting a government source as said on Friday.
An industry source confirmed on Monday that India was considering rupee payments while ruling out the possibility of paying in yen."



















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