• 04
    Jun
    2018

    Higher crude prices, weak rupee may widen CAD by up to $31.2 bn: India Ratings

    Business LineHigher crude prices, weak rupee may widen CAD by up to $31.2 bn: India RatingsBusiness LineAccording to India Ratings, “If crude prices remain elevated during FY19 (2018-19), it will result in the widening of trade deficit/current account deficit by $22.23 billion to $31.20 billion. In Ind-Ra's base case scenario, Brent crude averaging $70 ...and more »

    Source: Business Line | 04:02 PM

    https://www.thehindubusinessline.com/economy/boiling-crude-weak-rupee-may-widen-cad-by-up-to-312-bn-india-ratings/article24078680.ece

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