{"id":270613,"date":"2019-04-23T05:36:15","date_gmt":"2019-04-23T05:36:15","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=270613"},"modified":"2019-04-23T05:36:15","modified_gmt":"2019-04-23T05:36:15","slug":"high-oil-prices-an-achilles-heel-for-indian-economy-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/high-oil-prices-an-achilles-heel-for-indian-economy-report\/","title":{"rendered":"High oil prices an &#8216;Achilles heel&#8217; for Indian economy: Report"},"content":{"rendered":"<p>Singapore: The surging price of oil is an Achilles heel for the Indian economy, complicating its inflation, current account, fiscal balance and currency outlook, a market report by Singapore&#8217;s DBS banking group has said.<\/p>\n<p>&#8220;The sharp rally in oil weighed on all asset classes; USD-INR jumped to 69.87 high before closing slightly lower, while equity markets ended in red,&#8221; said the report by Economist Radhika Rao and FX Strategist Philip Wee of the DBS Group Research<\/p>\n<p>For bond markets, the worry is two-pronged with the concern being that high oil prices might pose a fresh risk to the fiscal math, if subsides return, by extension requiring higher borrowing, said the duo.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore: The surging price of oil is an Achilles heel for the Indian economy, complicating its inflation, current account, fiscal balance and currency outlook, a market report by Singapore&#8217;s DBS banking group has said. &#8220;The sharp rally in oil weighed on all asset classes; USD-INR jumped to 69.87 high before closing slightly lower, while equity markets ended in red,&#8221; said the report by Economist Radhika Rao and FX Strategist Philip Wee of the DBS Group Research For bond markets, the worry is two-pronged with the concern being that high oil prices might pose a fresh risk to the fiscal math, [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-270613","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/270613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=270613"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/270613\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=270613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=270613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=270613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}