Crude surge pressures India’s FY25 CAD target, UBI says every...

Dununu.com Dununu

Sponsorizzato

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

RSS Feed Business

Posted

46

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 could worsen the CAD by $15 billion annually. While maintaining a 0.9% of GDP forecast for FY25, UBI cautions that geopolitical tensions and commodity prices, especially oil, pose risks.

Read Full Article

Effettua l'accesso per mettere mi piace, condividere e commentare!

Middle East crisis: Ayatollah Khamenei 'can no longer be allowed to exist,' warns Israel; seeks Iran Supreme Leader's accountability over hospital attack

Israel issued a stark warning to Iran's Supreme Leader Ayatollah Ali Khamenei. They said he...

By 0 3

IND vs ENG: 'Primed to take ...' - Kirsten's bold prediction about captain Gill

Gary Kirsten expresses confidence in Shubman Gill's leadership abilities as he embarks on his...

By 0 6

Karnataka increases housing quota for minorities from 10% to 15%

By 0 6

From India to Guinea: Indian railways to export 150 Bihar-made locomotives to Africa; 10 things to know about the Rs 3,000 crore deal

India secures a significant Rs 3,000 crore deal to export locomotives to Guinea, bolstering its...

By 0 7

Performance Grading Index: Delhi moves from Akanshi-1 to Prachesta-3 with 44-point rise in PGI score

By 0 12