India, March 20 -- The Reserve Bank of India (RBI) is working on providing more avenues for the usage of Indian rupee (INR) accumulated by the Russian trade counterparts, a senior official said on Thursday.

The Central Bank is looking at avenues to either settle Indian rupees of Russian trade counterparts lying in India for imports or for making capital investments in India, he added.

"We are working on providing various avenues for using the INR, which is accumulated here by the Russian counterparts, to use it either for settling their imports or making capital investments in India, so on and so forth," N Senthil Kumar, chief general manager in RBI's Foreign Exchange Department, said at the Russia-India forum in Mumbai.

For the past f...