As per the general perception, the markets should move in the opposite direction to crude oil prices. But is this the case?
Last updated: 14-Nov-2022•Yash Rohra
As one of the largest oil importers in the world, India imports around 85 per cent of its total oil demand. Naturally, this makes the country a big beneficiary of falling crude oil prices, enabling it to bridge its fiscal deficit and improve its financial position. Besides, lower fuel costs go a long way in reducing the country's rate of inflation. According to CARE Ratings, if we keep everything constant, then every one-dol
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