Mumbai, Aug. 13 -- In a decisive push to bypass the dollar and cut trade bottlenecks, the Reserve Bank of India has cleared the way for faster, easier rupee-rouble settlements with Russia-just as tariff tensions with the US threaten to strain India's exports, according to a Times of India report.

Streamlining rupee-rouble settlements

The Reserve Bank of India (RBI) has moved to simplify and accelerate trade settlements in rupees with Russia, reflecting growing interest in rupee-rouble transactions after recent global trade shifts.

The momentum intensified when US President Donald Trump announced higher tariffs on Indian exports.

In response, on August 5, the RBI allowed authorised dealer (AD) category-1 banks to open special rupee vos...