India's Q1 FY27 crude import bill hits $50B

India's Q1 FY27 crude oil import bill hits all-time high of $50 billion due to escalating West Asia tensions and elevated global oil prices. This marks a sharp rise from previous quarters, increasing pressure on current account deficit and inflation. Energy import costs could weigh on GDP growth and rupee stability. Rising crude costs may lead RBI to maintain hawkish stance.

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