India Will Continue to Buy Russian Oil, Sitharaman Says (1)

India’s Finance Minister Nirmala Sitharaman said that the South Asian nation will continue to buy Russian oil.

• Where we buy our oil from will depend on “what suits us the best,” Sitharaman said in an interview with News18 television Friday
• India will adhere to the fiscal deficit target of 4.4% for the current fiscal year ending March, she said
  • “This is the last point of the glide path and I plan to adhere to it”
  • Capital expenditure will not come down and continue as budgeted for the current year
• Bond yields becoming unsustainably high has a big bearing on the ...