India Pushes for Rupee Oil Payments

India wants to pay for its oil using Indian rupees instead of other currencies.

The government is asking oil companies to talk to suppliers about this.

However, foreign suppliers are not very excited about the idea because of trade imbalances.

A committee in India has suggested that the government should work with the finance ministry and the central bank to make this happen.

They also said India should find more places to buy oil from to make sure it always has enough.

The central bank has already made some rules to help with paying in rupees, like special bank accounts for foreign banks.