Crude Comfort | Lower oil prices are here to stay for some time

Abhijit Kumar Dutta • May 11, 2020 / 13:47 IST

Lower price of the Indian crude basket not only helps the Union government to prune its current account deficit and save on precious foreign exchange reserves, but it also provides an opportunity to the ruling administration to cash in on the situation and try and take measures to insulate the economy from future oil shocks.

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