Indian Traders Head To Iran

Indian markets had rallied 2 per cent on Monday on hopes that the Iran nuclear deal would lead to increased supplies and a sustained decline in oil prices, which would check inflation and cap current account deficit. Traders today questioned how quickly the Iranian nuclear accord could translate into higher supplies.

A major Indian trade delegation headed to Iran on Friday to explore "huge" commercial opportunities created by US-led sanctions against the Islamic republic over its disputed nuclear plans.

Indian markets had rallied 2 per cent on Monday on hopes that the Iran nuclear deal would lead to increased supplies and a sustained decline in oil prices, which would check inflation and cap current account deficit. Traders today questioned how quickly the Iranian nuclear accord could translate into higher supplies.

A major Indian trade delegation headed to Iran on Friday to explore "huge" commercial opportunities created by US-led sanctions against the Islamic republic over its disputed nuclear plans.