Struggling to cope with the fallout of a plunging rupee, India's ruling govt may be looking to plug the gap by importing oil from Iran again, thus setting the stage for increased Indo-US frictions:
http://ibnlive.in.com/news/india-doesnt-subscribe-to-us-sanctions-on-iran-says-salman-khurshid/419369-3.html
http://www.livemint.com/Companies/BPajOgN4o8sgkkGXRs59EJ/Rupees-plunge-prompts-Mangalore-Refinery-to-embrace-Iran.html
http://www.forbes.com/sites/donaldkirk/2013/09/02/india-looks-to-iran-for-oil-away-from-u-s-on-syria/
As the Congress flails its arms desperately, it seems likely to end up smacking everyone in the face. The question remains - is Iran desperate enough to accept India's diminishing currency?
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