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Higher Oil Prices: Diminished Risk To India’s Twin Deficits?
The impact of $70 oil on the fiscal deficit, current account and inflation.
07 Jan 2020, 09:11 AM IST
Higher global oil prices often send the Indian currency tumbling and bond yields soaring.A surge in prices, particularly for an oil importer like India, can mean wider current account and fiscal deficits, elevated inflation and weaker growth. However, the degree to which a surge in oil prices will hurt India’s key economic indicators will be more modest than in the past, economists that BloombergQuint spoke with said.On Monday, Brent...
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