The latest oil shock is fading much faster than the Russia–Ukraine episode, reflecting greater confidence that global energy supplies will remain intact. For India, however, lower crude prices may not immediately translate into lower inflation, stronger earnings or easier monetary policy.
Crude oil prices have seen a significant drop, tumbling from $113 to $83, as global energy supply confidence strengthens following the Russia-Ukraine crisis. Despite this sharp decline in international crude, India may not immediately experience the benefits of lower inflation,…
Market Samachar is a news aggregator. This article was originally published by mint - markets. Tap the button above to read the full story on their site.