Higher crude oil prices will worsen fiscal balance: Nomura

Higher crude oil prices will worsen fiscal balance: NomuraMoneycontrol.comIndicating adverse macroeconomic impact of rise in crude oil prices, global financial services major Nomura said every $10 per barrel rise in the price will worsen India's fiscal balance by 0.1 percent and current account balance by 0.4 percent of GDP.and more »

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