India considers reducing crude oil imports, relying on stockpile after traders forecast prices to rise to $100 a barrel

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The soaring crude oil prices are occurring at the same time emerging market currencies, such as India's rupee, are under pressure. That combination means Indian crude imports are 47 percent more expensive this year in rupee terms.

from Latest News India on Firstpost https://ift.tt/2QThiyB
Reuters

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