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 […]