India scraps more South American soy oil cargoes as rupee slumps
- Posted on January 23, 2026
- By Business News Today
- 5 Views
India scraps more South American soy oil cargoes as rupee slumps
Rupee fall: The latest development comes after Indian buyers backed out of more than 100,000 tons of Argentinian deals in December, equivalent to roughly 20% of what the country imports in a month. India relies on overseas purchases for nearly 60% of its edible oil consumption.
