Bigger India
India May Seek Exemptions From US To Buy Iranian Oil
Indian policymakers had initially believed that the sanctions may not matter to India this time as much as they did last time round.
India will seek US exemptions to buy Iranian oilNSE -0.02 % and work towards setting up an alternative payment mechanism to protect its trade with the Islamic Republic in the wake of US sanctions against Tehran, according to officials familiar with the matter.