New Delhi: The proposed US sanctions legislation targeting buyers of Russian crude makes it more critical for India to negotiate a trade deal with the United States, while any disruption to crude supplies could raise India's import bill and put pressure on the rupee, Bank of Baroda Chief Economist Madan Sabnavis said.
Speaking exclusively to on the latest US measures, Sabnavis said India would need to assess its crude imports depending on the outcome of ongoing negotiations with the US.
