Opec holds the key to Indian economy’s fortunes in 20192 min read . Updated: 27 Dec 2018, 02:19 PM IST
The decline in oil prices has made India an attractive investment destination yet again, but policymakers and investors would do well not to ignore the fundamental weaknesses in India's macroeconomic balance sheet
New Delhi: Even as foreign institutional investors pull out money from the country, the rupee is witnessing a smart recovery over the past few trading sessions. The reason behind this paradox is simple: falling crude oil prices, which is hovering near the $50 per barrel mark for the first time in 16 months.
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