US sanctions bill raises stakes for India-US deal
Synopsis Proposed US sanctions legislation makes India's trade deal with the United States more critical. Any disruption to crude supplies could raise India's import bill
Synopsis Proposed US sanctions legislation makes India's trade deal with the United States more critical. Any disruption to crude supplies could raise India's import bill significantly.
This situation may pressure the Indian rupee and impact the current account deficit. India will need to assess crude imports depending on ongoing US negotiations.
The outcome of these talks will determine India's future energy import strategies.
The BriefWire