Macroeconomic Impact of Recent Oil Price Rise

Barendra Bhoi (ex Head @RBI Monetary Dept) @businessline: ↑#OilPrices cd impact #India’s #Macroeconomy #Inflation #CurrentAccount #FiscalDeficit; suggests: *if* ad valorem taxes on petrol etc meet #FiscalTarget @ $70/bbl (just reached) #GoI ↓ these taxes as oil prices ↑ higher

— Satyen Baindur (@Satyen_Baindur) May 8, 2018

https://t.co/xeAew23hQp

— Satyen Baindur (@Satyen_Baindur) May 8, 2018