Topic: Oil Prices

According to a Goldman Sachs analysis of the inflation facet that most threatens each Asian economy, exchange-rate depreciation has an outsize impact on India's.

If the April policy trends are anything to go by, the Reserve Bank of India is expected to lift rates at its meeting next month.

Saudi Arabia is aiming for $80 per barrel to support the valuation of Saudi Aramco before an initial public offering. This price hike is certainly going to pinch the Indian government.

Prime Minister Narendra Modi and the rupee face a similar predicament - old foes have re-emerged to keep them in check.

While the govt says it hasn’t given any directives over prices, Indian Oil increased prices Monday for the first time since 24 April.

The rupee is Asia’s worst performing currency this year, and it will be further affected by higher global crude oil prices. The central bank may need to act early to maintain macro-economic stability.

The country’s reliance on monsoon and oil prices equals a not so sunny current account deficit.

Diesel, the most-used fuel in India is more expensive than ever before, and petrol prices also are hovering around record levels in several cities. Controls on diesel pricing were lifted four years ago, after freeing petrol rates first.

Asia’s No. 3 economy faces a wider trade deficit, a worsening of stretched government finances, and slower economic growth if oil prices remain stubborn at the current level.

Companies including Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. will have bear a loss of up to 1 rupee per liter on sale of diesel and gasoline.