Fixed Income And Currency Market

28 Jun 2020

Rising Fuel Prices, Labour Shortage, Import Bans to Push Up Inflation

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Lower global crude oil prices have had an opposite effect on retail fuel prices, with the prices rising by more than 12% over the last one month. The government desperately requires revenues given the economic slowdown on lockdown and is targeting duties from fuel as a source of revenue.

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Arjun Parthasarathy
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