Achilles heel: High oil prices to complicate India's inflation, says report

For bond markets, the worry is two-pronged with the concern being that high oil prices might pose a fresh risk to the fiscal math

Economy News: The flooding cost of oil is an Achilles heel for the Indian economy, entangling its expansion, current record, monetary equalization and cash viewpoint, a market report by Singapore's DBS banking bunch has said.
"The sharp rally in oil burdened all benefit classes; USD-INR hopped to 69.87 high before shutting somewhat lower, while value markets finished in red," said the report by Economist Radhika Rao and FX Strategist Philip Wee of the DBS Group Research
For security showcases, the stress is two dimensional with the worry being that high oil costs may represent a crisp hazard to the financial math, if dies down return, by expansion requiring higher acquiring, said the team.
Likewise, pipeline expansion hazards because of high oil costs further raise the obstacle for rate-cuts.Read More


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