Raghuram Rajan urges India to reconsider Russian oil buys like Trump wants

By Martin Shwenk Leade

Raghuram Rajan urges India to reconsider Russian oil buys like Trump wants

Former RBI Governor Raghuram Rajan has urged India to reconsider Russian oil imports after the Trump administration imposed 50% tariffs on New Delhi鈥檚 purchases. Rajan said refiners benefit from profits but exporters bear the tariff cost, calling the move a 鈥渨ake-up call鈥 for India to diversify trade and reduce reliance on any single partner.

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