#mehangai news - 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 »

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