Uncertainty over the use of currency for bilateral trade has put India's basmati rice exports to Iran in doldrums following hesitation over use of the dollar after fresh sanctions levied by the United States on the Islamic country. US President Donald Trump levied sanctions over 13 Iranian individuals and 12 entities for their support to the Iranian administration over the test of a non-nuclear ballistic missile last month.

According to trade sources, Iranian authorities are hesitating over the use of the dollar for bilateral trade with friendly countries, including India. Since ...