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How Rising Oil Prices Impact The Indian Economy
The oil price math: How it hits India's import bill, inflation and growth.
08 Jul 2021, 09:01 AM IST
India's oil price headache is back. After a gap of about three years, Brent crude oil prices are within striking distance of $80 per barrel. Prices rose after the OPEC+ group failed to reach a deal on increasing supplies.In 2021 so far, Brent crude has turned expensive by over 46% to trade at near $75 per barrel. In the quarter ended June, prices have risen by over $10 per barrel or about 18%.A crude price shock, or a sudden increase...
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