Oil and current account risks, RBI preview

If oil prices were to spike considerably higher as a result of the escalating conflict in the Middle East it would expose an age-old vulnerability in India's external position. But we think the risks to oil prices are arguably skewed to the downside. Next week, we expect the new-look MPC to keep rates on hold, but policy easing is creeping closer. 

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.