How crude price fall altered CAD, rupee dynamics & RBI’s reserves

India imports nearly 220 MMT of crude oil, which converts to nearly 1.5 billion barrels, depending on the specific gravity of the crude. The average price of the Opec basket was $52.5 a barrel in 2017, which was 30 per cent higher than the average price of $40 a barrel in CY2016. The oil continued […]

Government brings in 5 big measures to get widening CAD under control

The government on Friday indicated that it may curb non-essential imports in the weeks ahead and take steps to boost exports besides announcing a number of measures to shore up the rupee and control the current account deficit. The five steps announced following a meeting chaired by Prime Minister Narendra Modi to review the state […]