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Rising oil prices will result in increase in India’s current account deficit, says Geosphere Capital

Rise in oil prices would widen India's current account deficit, said Arvind Sanger, managing partner of Geosphere Capital Management.
“Oil continue to climb because Iranian curtailment of exports is just beginning and as that continues to build, there is a risk that oil could get to $85/bbl,” he said.
Talking about Sebi circular, he said that the global funds are not impacted by new FPI rules rolled out by Sebi.
However, dedicated India funds could be discouraged due to new FPI rules, he mentioned.
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