India's Oil Bill Is Rising - And So Is The Risk Of An $88 Billion Current Account Deficit
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Politics

India's Oil Bill Is Rising - And So Is The Risk Of An $88 Billion Current Account Deficit

May 11, 2026
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The warning comes at a time when crude prices have surged 72 so far this year, while the rupee has depreciated 5.1 against the dollar, magnifying the cost of India's oil imports.

India's Oil Bill Is Rising - And So Is The Risk Of An $88 Billion Current Account Deficit
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