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Oil Price Surge Not a Macro Crisis for India Amid Low Inflation, Substantial Forex Reserves

Summary by bhaskarlive.in
Digital Desk | New Delhi, Sep 14 (IANS) The surge in crude oil prices due to rising West Asia tensions certainly concerns India, but its ultimate damage depends on whether the spike is brief or sustained and whether it disrupts physical oil supply, market analysts said on Monday. Brent at $107-$108 per barrel is not a macro crisis at the moment. India has relatively low inflation, a current account deficit (CAD) of 0.8 per cent of GDP in H1 F…
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News Wire broke the news on Sunday, September 13, 2026.
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