The fall in global crude oil prices is an opportunity for India that should not be wasted and the country should work towards bolstering its macroeconomic balance sheets, Deputy Governor of the Reserve Bank of India H.R. Khan said on Monday.
India imports nearly two-thirds of its oil requirements and the lower oil import bill is likely to help sharply lower the country's current account deficit.
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.