{"id":475723,"date":"2022-03-15T10:57:43","date_gmt":"2022-03-15T05:27:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=475723"},"modified":"2022-03-15T10:57:43","modified_gmt":"2022-03-15T05:27:43","slug":"ukraine-war-sbi-sees-rupee-at-77-5-by-june-cad-at-3-5-if-crude-boils-gdp-growth-at-7-1","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ukraine-war-sbi-sees-rupee-at-77-5-by-june-cad-at-3-5-if-crude-boils-gdp-growth-at-7-1\/","title":{"rendered":"Ukraine war: SBI sees rupee at 77.5 by June; CAD at 3.5% if crude boils; GDP growth at 7.1%"},"content":{"rendered":"<p>MUMBAI: House economists at the nation&#8217;s largest lender SBI have forecast more pain for the rupee if the ongoing Ukraine war lingers, plumbing to a new low of 77.5 to a dollar by June and marginally improving to 77 by end-December.<br \/>\nThey also said the current account deficit (CAD) will be at 3.5 per cent if crude oil trades at $130 a barrel, pulling down growth to 7.1 per cent.<br \/>\nIf FY23 average oil price rises to $100 a barrel, it will pull down growth to around 7.6 per cent from 8 per cent estimated earlier, inflation will rise to 5 per cent from 4.5 per cent, and the current account gap will jump to $86.6 billion or 2.5 per cent of GDP and can soar to 3.5 per cent if oil prices average at $130 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: House economists at the nation&#8217;s largest lender SBI have forecast more pain for the rupee if the ongoing Ukraine war lingers, plumbing to a new low of 77.5 to a dollar by June and marginally improving to 77 by end-December. They also said the current account deficit (CAD) will be at 3.5 per cent if crude oil trades at $130 a barrel, pulling down growth to 7.1 per cent. If FY23 average oil price rises to $100 a barrel, it will pull down growth to around 7.6 per cent from 8 per cent estimated earlier, inflation will rise to [&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":[130,219,137],"tags":[],"class_list":["post-475723","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/475723","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=475723"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/475723\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=475723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=475723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=475723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}