Modi Govt To 'Import' Discounted Russian Wheat After Oil; India May Settle Payments In Dollars

India is likely to import wheat from Russia at a discount after oil. Reuters reported that the move would allow Modi Government "to intervene more effectively in the market to drive down wheat prices that stoked inflation to a 15-month high in July." One source told Reuters, "Russia has indicated its willingness to offer a discount on prevailing market prices. There are no restrictions on the export of food commodities from Russia." Watch for more details. #india #russia #wheat #foodinflation #Import #russiaukrainewar #Graindeal #newdelhi #moscow #vladimirputin #narendramodi #blacksea Hindustan Times Videos bring you news, views and explainers about current issues in India and across the globe. We’re always excited to report the news as quickly as possible, use new technological tools to reach you better and tell stories with a 360 degree view to give you a better understanding of the world around you.