High crude oil prices threaten India’s macroeconomic stability: Expert
Elevated crude oil prices threaten India’s macroeconomic stability, potentially pushing inflation to 6.0% and widening the CAD. This puts pressure on the RBI to hike interest rates by up to 50 basis points this financial year, an expert noted. Impact on India’s Macroeconomy The elevated crude oil prices pose a direct threat to India’s macroeconomic … Read more