A $10 increase in crude prices could inflate India’s current account deficit by $15 billion, posing a significant threat to the country’s economy, according to a report by UBI – ANI News

A $10 increase in crude prices could inflate India’s current account deficit by $15 billion, posing a significant threat to the country’s economy, according to a report by UBI – ANI News

A recent report by the Union Bank of India (UBI) has highlighted the significant risk posed by the surge in crude prices to India’s current account deficit (CAD). According to the report, every $10 rise in oil prices widens the CAD by $15 billion. This is a...