
Oil threat looms for India as inflation set to breach 6% limit
Monday, January 13, 2020, 7:51 PM
Rising oil prices add a new risk to already surging inflation in India, clouding the outlook for monetary policy and threatening a nascent rally in sovereign bonds. Oil briefly rose above $70 a barrel last week for the first time since September amid U.S.-Iran tensions, and while they've since eased, prices remain elevated compared to last year.
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