The Hindu Business Line : Friday, January 02, 2009

GOVERNMENT

FOREIGN RELATIONS: India, Iran have Asian Clearing Union option for transactions
Exporters can now legally skirt US embargo on dollar trade. Mumbai, Jan. 1 Indian exporters to Iran and Iranian exporters to India no longer need fret over the US embargo on all dollar transactions involving Iranian banks and Iranian companies. ...

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Markets (Jan 01)

Nifty (at close)	3033.45(+74.30)
US Dollar (Buy/Sell)	48.74/76
Brent crude (a bbl) Rs	2,023
Gold (a gram) Rs	1,246
Silver (a kg) Rs	19,505

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