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Letter to BS: India should not succumb to Donald Trump's pressure

The further increase in crude oil will put the share markets down and also increase commodity prices causing distress to the common man

oil, fuel
For every $1 increase in crude oil prices, the impact on the current account deficit (CAD) is likely to be $1 billion
Business Standard New Delhi
Last Updated : Nov 08 2018 | 10:16 PM IST
The editorial “Dealing with Iran” (November 6) is fabulous. The US announcement to temporarily waive eight countries including India from sanctions is not only a great relief but also provides a chance to get over the financial crisis it is undergoing. The further increase in crude oil will put the share markets down and also increase commodity prices causing distress to the common man. India should not succumb to the US pressure and stand firm to protect its interest. All-out effort should be made to frame strong opinions among the affected countries such as China, South Korea and Japan and put pressure on the US to extend the waiver. 

P S Mukhopadhyay  Nagpur
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