India may cut oil imports to mitigate pain from high oil prices, dip in Indian rupee
NEW DELHI: India, the world’s third-biggest oil importer, is considering cutting oil purchases to soften the blow from high crude oil prices and declining rupee, Indian Oil Corp (IOC) Chairman Sanjiv Singh said on Monday. State refiners are looking at optimising crude oil inventory levels without in any way affecting fuel supplies in the domestic […]