Reuters: Money News: India scrambles to reduce oil bill inflated by sinking rupee

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India scrambles to reduce oil bill inflated by sinking rupee Sep 5th 2013, 00:59 NEW DELHI/SINGAPORE (Reuters) - India's top oil official is grasping at desperate measures to cut the country's oil costs by nearly $20 billion after the rupee's slide to record lows has left India facing an oil bill potentially 50 percent higher than on May 1.

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