India, Iraq to discuss rupee payments for trade: Anand Sharma
Aug 23 2013 , New Delhi
Iraq's Prime Minister Nuri al-Maliki is visiting India to finalise a deal to sell India more crude oil.
"Yes, we will discuss how to use our national currencies," Trade Minister Anand Sharma told reporters in response to a question on whether India was considering making rupee payments to Iraq.
The rupee, which has lost 17 percent since May, is leading a global selloff in emerging market currencies on fears of higher borrowing costs and tighter supplies of cheap cash from the United States.