New Delhi - India and Russia are accelerating efforts to establish a rupee-ruble trade mechanism, aiming to reduce reliance on the US dollar amid growing global financial complexities. The two nations are working to create a direct payment system in their respective currencies, a step that could redefine their trade relationship by fostering greater financial independence. However, Indian banks’ caution in handling transactions with Russia, influenced by US scrutiny and sanctions threats, remains a major challenge . . .