India s Economic Landscape in 2023: Challenges, Triumphs, and Global Visions – CXO Today

Should global crude oil prices surge past US$100 per barrel, the repercussions could amplify inflation, widen the current account deficit, and intensify concerns about currency depreciation. This scenario might prompt the RBI to restart rate hikes, impacting credit flow as the previous round of increases hasn’t fully taken effect.
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