India's crude import bill surges 46.3% to $90.6B as Brent hits $110

India's crude import bill jumps 46.3% to $90.6 billion due to high oil prices, with Brent crude surpassing $110 per barrel. This surge pressures the trade deficit and inflation, impacting macroeconomic stability. Higher input costs may squeeze margins for refiners and transport sectors. A rate-sensitive environment could see RBI factoring in prolonged inflationary pressures.

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