Top headlines: India abstains on UN resolution, rupee-ruble trade likely

The government may get a lever to cut excise duties on petrol and diesel to ease the burden of rising global crude prices on the common man. More on that in our top headlines.

The United Nations General Assembly voted to deplore the Russian invasion of Ukraine even as India abstained on voting on the resolution. In other news, India's government may soon allow bilateral trade with Russia in the two national currencies to avoid trade disruptions. Head further down for more on these stories and other top headlines in our morning newswrap.

India abstains on UN resolution 'deploring Russia's aggression' in Ukraine

India abstained in the 193-member UN General Assembly on a resolution that strongly deplored Russia's aggression against Ukraine, the third abstention in less than a week by the country