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India cuts fuel tax, refinery prices to ease pain of rising crude, weak rupee

NEW DELHI: India is cutting prices of petrol and diesel by 2.50 rupees ($0.03) a litre, Finance Minister Arun Jaitley said on Thursday, the...

India’s trade deficit widens to more than five-year high in June

India’s trade deficit widened to its highest in more than five years in June driven largely by a surge in oil prices and a weaker rupee.

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