This Article is From Feb 23, 2015

Oil Prices an Opportunity for India: RBI Deputy Governor

Oil Prices an Opportunity for India: RBI Deputy Governor
Pune:

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.

© Thomson Reuters 2015

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