India Says US Raised Concern Over Processed Russian Oil Shipment

An Indian ship met a Russian tanker at sea, picked up oil, and sailed to a port in India’s Gujarat state where the cargo was processed into a product used in the making of single-use plastic, Patra said. “The refined output was put back on that ship and it set sail without a destination. In … Read more

Rupee Tumbles to New Record, Stocks Slide on Global Risk-Off

“Today’s move in Indian bonds is more to do with Fed rate-hike expectations, but if India inflation is higher, you could see a much worse impact tomorrow,” said Madhavi Arora, lead economist at Emkay Global Financial Services. CPI inflation above 7.10% would have the market very worried, she said.