{"id":555670,"date":"2023-02-15T11:47:05","date_gmt":"2023-02-15T06:17:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=555670"},"modified":"2023-02-15T11:47:05","modified_gmt":"2023-02-15T06:17:05","slug":"will-the-cheap-russian-oil-impact-indias-rupee-trade-plans","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/will-the-cheap-russian-oil-impact-indias-rupee-trade-plans\/","title":{"rendered":"Will the cheap Russian oil impact India&#8217;s rupee trade plans?"},"content":{"rendered":"<p>India&#8217;s love for discounted Russian oil is widening its trade deficit with Moscow and the casualty is its much-touted rupee trade plan, reported news agency Bloomberg on Tuesday.<\/p>\n<p>Cheap oil<br \/>\nIndia&#8217;s imports from Russia in eight months to November were almost 16 times its shipments to the nation, trade ministry data show. Russia&#8217;s invasion of Ukraine, which invited US-led sanctions, germinated the idea of rupee trade as India boosted its purchases of cheap oil from Moscow to contain a rising import bill amid high commodity prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s love for discounted Russian oil is widening its trade deficit with Moscow and the casualty is its much-touted rupee trade plan, reported news agency Bloomberg on Tuesday. Cheap oil India&#8217;s imports from Russia in eight months to November were almost 16 times its shipments to the nation, trade ministry data show. Russia&#8217;s invasion of Ukraine, which invited US-led sanctions, germinated the idea of rupee trade as India boosted its purchases of cheap oil from Moscow to contain a rising import bill amid high commodity prices.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-555670","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/555670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=555670"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/555670\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=555670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=555670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=555670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}