India eyes local currency payments for West Asian oil amid price surge; rupee fall hurts finances

If such an arrangement works out, India would be paying for almost 80% of its oil imports in non-dollar currencies. The flip side is risking Donald Trump’s tariff ire.

Mar 26, 2026 - 19:05
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India eyes local currency payments for West Asian oil amid price surge; rupee fall hurts finances
If such an arrangement works out, India would be paying for almost 80% of its oil imports in non-dollar currencies. The flip side is risking Donald Trump’s tariff ire.

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