India's crude basket at its 12-month peak
Price of Indian crude oil basket touched $50.14 per barrel in October. The last time India paid over $50 per barrel for oil was in October 2015.
The average crude oil prices in June this year was $46.96 per barrel with June 10 that came closest to the ‘$50’ mark at $ 49.35.
In the quarter ending June 30, India posted a current account deficit (CAD) of $277 million, or 0.1% of gross domestic product (GDP) mainly on the back of low oil prices.
However as crude oil inches up since August this year, the CAD may increase further in the second quarter of this financial year.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI Senior Citizen FD Interest Rates 2024: What Rs 2 lakh, Rs 4 lakh, and 6 lakh, and Rs 8 lakh investments will give you in 1-, 3-, and 5-year FDs
Odisha Lok Sabha Election Results 2024 Updates: Odisha Parliamentary and assembly election exit poll results set to announced today; eyes on BJD and Naveen Patnaik
Central Railways' 63-hour mega block to hit Mumbai local train services, check dates and other details
From Axis to IDFC First - These bank stocks can give bumper returns in 3-4 weeks – Check target price and stop loss
04:22 PM IST