{"id":615538,"date":"2023-11-07T09:20:01","date_gmt":"2023-11-07T03:50:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=615538"},"modified":"2023-11-07T10:06:04","modified_gmt":"2023-11-07T04:36:04","slug":"oil-at-110-could-prompt-rbi-to-hike-interest-rate-again-morgan-stanley","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-at-110-could-prompt-rbi-to-hike-interest-rate-again-morgan-stanley\/","title":{"rendered":"Oil at $110 could prompt RBI to hike interest rate again: Morgan Stanley"},"content":{"rendered":"<p>Morgan Stanley estimates a sustained oil price of $110 a barrel could undermine India\u2019s economic stability, likely forcing the central bank to resume hiking interest rates. <\/p>\n<p>As the world\u2019s third-biggest consumer of oil, India is one of the most exposed economies in Asia to rising crude prices. A $10 increase in oil prices boosts inflation by 50 basis points and contributes to a 30 basis-point widening in the current account balance, Morgan Stanley\u2019s economists estimate. <\/p>\n<p>Oil above $110 a barrel would be destabilizing for India\u2019s economy, the investment bank said, resulting in higher domestic fuel prices and second-round inflationary effects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Morgan Stanley estimates a sustained oil price of $110 a barrel could undermine India\u2019s economic stability, likely forcing the central bank to resume hiking interest rates. As the world\u2019s third-biggest consumer of oil, India is one of the most exposed economies in Asia to rising crude prices. A $10 increase in oil prices boosts inflation by 50 basis points and contributes to a 30 basis-point widening in the current account balance, Morgan Stanley\u2019s economists estimate. Oil above $110 a barrel would be destabilizing for India\u2019s economy, the investment bank said, resulting in higher domestic fuel prices and second-round inflationary effects.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-615538","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/615538","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=615538"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/615538\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=615538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=615538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=615538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}