Nikita Prasad retweetledi

A $100 Billion Deficit Gap: #Rupee Reels Under Global #Oil Shock, #RBI Swap Not Enough — Warns UBS Securities' Chief India Economist Tanvee Gupta Jain.
If India's imported crude oil basket averages around $100 per barrel, the country's current account deficit is projected to widen to 2.5% of GDP in FY27. ''This scenario would require roughly $100 billion in capital inflows to fund the deficit,'' said Jain.
@nikitaprasad033 Writes. Read More:
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