India equipped to absorb cost of oil price shifts if U.S. sanctions hit, says Stanchart

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  Posted by Two Blokes Jul 30 - Filed in Stock - 3 views
  
  Anubhuti Sahay, Head of India Economics Research at Standard Chartered Bank says India can absorb the cost of shifting from Russian to U.S. crude oil if sanctions hit and it's forced to stop importing Russian oil. Sahay does not think it will amount to an "oil shock", and India will be able to manage it without a significant impact on inflation.