Crude at 24-month high
Crude at 24-month high
Crude oil now at 24-month high
this will have very big impact on INDIA.
Inflation will kick in now if this persists for few weeks
India imports almost 85% crude oil requirements
We can see higher current account deficit
As Imports become expensive rupee will become weaker as well
Crude oil rose from 67$ to 91$ in just 6-7 trading sessions.
approx. 40% rise in 6-7 days only.
Stay cautions on markets - We may see bad time in market to persist for few more weeks considering the Crude & War.
Stock to keep on radar - ASIANPAINT
Paints and Aviation stocks will have big negative impact due to this.
All this is for information.
This is not a buy/sell recommendation.
Thank you,
Technofunda24
#WatchOutFor#StockInNews
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