5.
What has the Reserve Bank of India (RBI) instructed India's major state-owned refiners to do regarding oil payments in the upcoming financial year?
A:
Press Persian Gulf oil suppliers to accept 10% of oil payments in rupees
B:
Increase oil imports from the US to reduce dependency on other currencies
C:
Conduct all oil transactions in Indian rupees exclusively
D:
Convert all oil payments into US dollars for ease of transaction
The answer is:
A
