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Oil Shock: Will the government cut excise duty again?

Updated : May 22, 2018 01:15:45 IST

Reserve Bank of India’s accumulation of foreign reserves will possibly worsen the rupee exchange rate but it may however be small because of the immediate impact of the economic news, the bank said.
The crude oil price rise by $17 in the span of a year has been reflected in the imports, showing growth of 19.59%. Crude oil prices are expected to rise further this year and we expect imports to grow by at least 14%.
Published : May 21, 2018 12:48 PM IST

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