Rupee-Rouble Agreement-Was It a Sell-Out

Rupee-Rouble Agreement Was It a Sell-Out?
Is the Narasimha Rao-Boris Yeltsin agreement on the valuation of India's outstanding debt to the former Soviet Union a reasonable one? Or could we have pressed for a better deal? To answer these questions we must consider the terms of the original 1978 Indo- Soviet protocol to find out what possibilities were open to the Indian side to begin with.