India's Crude Oil Imports Up 7% in September
India's crude imports rose 7% in September, while the import bill jumped 47%. The gap shows the cost of oil grew much faster than the amount bought.
Context
Context: India imports most of the crude oil it uses, so global prices and the rupee directly affect petrol, diesel and inflation. Higher import bills widen the trade deficit, which the government and the RBI track closely.
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