India, Aug. 28 -- Indian shares fell sharply on Thursday as traders waited to see how New Delhi responds to pressure from Washington to stop buying Russian oil after the 50 percent tariffs levied by the U.S. on Indian goods came into effect on Wednesday.
Signals from White House officials on the future of the relationship between the two countries were mixed.
U.S. Treasury Secretary Scott Bessent said the bilateral ties remain "complicated" but expressed confidence that the two countries would come together "at the end of the day".
In an interview with Bloomberg, U.S. President Donald Trump's trade counsellor Peter Navarro has accused India of playing a double game on trade and energy, alleging that its actions amounted to "Modi's war"....