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...
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

RBI’s rate cut leads to drop in home loan rates, bringing greater relief to existing borrowers

Following the Reserve Bank of India’s (RBI) decision to cut the repo rate by 50 basis points, several major public sector banks have reduced their lending rates. The move aims to stimulate credit growth and support economic activity amid ongoing challenges. Bank...