India minister says Iran oil supplies not hit

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Iran is India's second-biggest oil supplier after Saudi Arabia and exports total about $12 billion a year, meeting about 12 percent of India's import needs.

India and Iran have been struggling to find a permanent mechanism to settle their bilateral trade, especially since December when India's central bank scrapped a clearing house mechanism -- a move welcomed by the United States which is trying to isolate Tehran over its nuclear programme. (Reporting by Nidhi Verma and Ratnajyoti Dutta; Editing by Jo Winterbottom)

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