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The Economic Times

Economy / The Economic Times

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Moody's cites Russian crude uncertainty in US trade pact

In a significant development, India and the United States have inked a preliminary trade pact aimed at enhancing economic ties. This agreement features a reduction in US tariffs on various Indian imports, easing the burden on exporters. Nonetheless, challenges linger, particularly around India's ongoing crude oil purchases from Russia and future commitments from the US.

16 Feb 2026 12:34 am