 "Banks, India banks")
India’s plans to allow its nationals to invest in Iran using the rupee faces several hurdles. The lack of a proper banking channel, procedural complications and the looming threat of further sanctions against Tehran by the US might hold back Indian investments into Iran.
Media reports on Friday suggested that to circumvent tough trade sanctions in place against financial transactions with Iran, New Delhi has decided to allow rupee investments. Currently, Indians can invest using the rupee only in Bhutan and Nepal.
Senior government and industry sources said on Friday an announcement might be made on Saturday, when Prime Minister
