Economic Times | Rupee a hostage to oil as India crude import bill jumps 76% Economic Times India's currency had its worst month in three years in August as crude rallied on speculation sanctions on Iran will shrink global supplies. The crude import bill for the world's fastest-growing oil user surged 76 percent in July from a year earlier to ... Opinion | Boiling oil, weak dollar-rupee should force India to find a way around Iran sanctions |