News > Russia-Ukraine crisis to widen India's current account deficit

Russia-Ukraine crisis to widen India's current account deficit

The Free Press Journal | 01/03/2022 04:57 PM | Click to read full article

"The immediate impact of the conflict on the Indian economy will be felt through inflation, an increase in current account deficit, and rupee depreciation."

As per an Ind-Ra's analysis, a $5 per barrel (bbl) increase in crude oil prices will translate into a $6.6 billion increase in trade or current account deficit.