"If something is heavy it will fall. Our rupee has strength & weight. That's why it's falling," Moitra posted on X, along with a graphic of PM Modi looking down at the falling rate of the rupee.
Congress leader Salman Khurshid on Wednesday said the recent fall of the Indian rupee, which breached the 90 mark against the US dollar, reflects the impact of US sanctions and tariffs.
The US Department of State and Department of Treasury announced new sanctions targeting Iran's shadow oil network, naming companies and individuals across several countries, including India.
The margins of India's oil marketing companies (OMCs) are unlikely to come under significant pressure despite the United States imposing sanctions on two of Russia's largest crude oil producers, Rosneft and Lukoil, according to a report by Fitch Ratings.
The action, announced by the Treasury's Office of Foreign Assets Control (OFAC), is part of a wider sanctions package targeting 32 individuals and entities across Iran, the United Arab Emirates (UAE), Turkiye, China, Hong Kong, India, Germany, and Ukraine.
The United States has sanctioned five individuals and three entities located in Myanmar and Thailand, alleging their involvement in "forced labor compounds that carry out fraudulent investment scams online", the Department of State announced in a statement on Wednesday (local time).
Speaking at a joint meeting with Hungarian Prime Minister Viktor Orban, Trump said the US is "looking at" Orban's request for an exemption from the Russian oil sanctions imposed last month.
The US Treasury Department announced earlier this week that it had imposed sanctions on eight North Korean individuals and two entities for their role in laundering funds stolen through illicit cyber activities. The department said that the individuals were "state-sponsored hackers," whose i
"If we look at October statistics, India continues buying huge quantities of Russian feedstock. Approximately at the same level as lately, about 1.75 million barrels per day," the envoy said as per the official TASS news outlet.
India should halt sanctioned oil imports, seek tariff rollback, and resume trade talks only on fair terms with US, the Global Trade Research Initiative (GTRI) said in a note, outlining a three-step plan for India to protect its trade interests under the ongoing bilateral trade agreement nego
India has been granted exemption for six months from the American sanctions that were applicable on Chabahar port in Iran, the Ministry of External Affairs said on Thursday.
Addressing the weekly media briefing, Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said India's position on energy sourcing remains unchanged and guided by national interests.