Crude surge pressures India’s FY25 CAD target, UBI says every $10 rise in oil may widen deficit by $15 billion; FY26 gap seen at 1.2% of GDP

India’s current account deficit (CAD) faces upward pressure in FY25 amid rising global crude prices, with every $10 per barrel increase in oil potentially worsening the annual CAD by $15 billion, according to a report by Union Bank of India (UBI).The bank has retained its […]