Surge in crude prices poses risk to India's current account deficit as every $10 rise in oil prices widens CAD by $15 Bn: UBI Report

Wednesday, 18 June 2025 (2 weeks ago)

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Crude surge pressures India’s FY25 CAD target, UBI says every $10 rise in oil may widen deficit by $15 billion, FY26 gap seen at 1.2% of GDP

Union Bank of India (UBI) projects India's current account deficit (CAD) may face pressure in FY25 due to rising global crude prices. A $10 increase per barrel...
IndiaTimes 2 weeks ago

Surge in crude prices poses risk to India's current account deficit as every $10 rise in oil prices widens CAD by $15 Bn: UBI Report

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Crude surge pressures India’s FY25 CAD target, UBI says every $10 rise in oil may widen deficit by $15 billion, FY26 gap seen at 1.2% of GDP