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India's Oil Import Bill Jumps 48% as Crude Prices Soar

India's crude oil import bill surged 48% as global prices climbed, straining the trade deficit and the rupee while threatening inflation and growth in the world's third-largest oil consumer.

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India's crude oil import bill surged 48% as global prices climbed, straining the trade deficit and the rupee while threatening inflation and growth in the world's third-largest oil consumer.