Every time RBI Governor worried about inflation in RBI policy review meetings. Low Crude oil prices helps India as the country depends on imports for more than three fourths of its consumption.
India's net imports of crude oil billion barrels every year, which saves $10 billion imports bill (an avg of $100 per barrel first six months $106 per barrel this fiscal year). which is one-third of CAD.
Diesel and petrol prices will come down soon . RBI may not show Inflation cause to hold or hike interest rates .Banking and real estate stocks will gain if RBI reduces interest rates.
India's net imports of crude oil billion barrels every year, which saves $10 billion imports bill (an avg of $100 per barrel first six months $106 per barrel this fiscal year). which is one-third of CAD.
Diesel and petrol prices will come down soon . RBI may not show Inflation cause to hold or hike interest rates .Banking and real estate stocks will gain if RBI reduces interest rates.
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