The Latest from Iran (3 August): Keeping Tehran on Hold in the Nuclear Talks
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Iran Analysis: West To Tehran on Nuclear Issue "Accept Our Demands or No More Talks" br>
The Latest from Iran (2 August): Worrying About Syria
2000 GMT: Oil Watch. India's State-run Hindustan Petroleum has made its first payment for Iranian oil in rupees, partially settling a bill for cargo imported in May.
Mangalore Refinery and Petrochemicals Ltd (MRPL.NS), the biggest Indian buyer of Iranian oil, will make a rupee payment on Monday, a company official said.
India is Iran's second-largest oil buyer, but has struggled since the end of 2010 to find ways to pay for the oil amid Western sanctions that blocked arrangements in dollars and Asian currencies.
After months of discussions, Tehran and New Delhi agreed in January for part-payment in rupees. The Indian currency is not internationally convertible, but Iran can use the revenues to buy products from Delhi.