Cyrus the Great
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On the contrary, India has been a strong diplomatic ally for Iran, even going so far as to defend it's right for development of Nuclear power. Recently under US pressure the ties had appeared strained but even now India looks to circumvent the US agenda of the economic blockade of Iran.
As far as selling to China goes, the only route Iran could use was the Asian Clearing Union (ACU) which even India was using. The US recently blocked that as well. India is looking for other ways to ensure that these ties are not broken. Only India, China and Russia can pull this kind of stunt off.
if indian central bank wants to do problem will be solved in a day