5 by the end of September&Conical twin screw barrel factory39;19 if the trade war escalates further between US and China and outflows from Indian equity market continues. June quarter GDP grew at the slowest pace since March 2013.36 per cent to 99.In addition, IHS Markit India Manufacturing Purchasing Managers' Index (PMI) showed that the country's manufacturing sector activity declined to its 15-month low in August.On the domestic market front, the BSE benchmark Sen*** crashed nearly 770 points and the NSE Nifty tumbled over 225 points on Tuesday..3 billion from local shares in August, the biggest outflow since October, Sharma said.27."The Rupee, already under pressure from strong dollar amidst Brexit worries, received a major jolt as June quarter's GDP reading fell to 5 per cent.The Indian currency came under pressure after official data released on Friday showed that India's GDP growth fell to an over six-year low of 5 per cent in the June quarter. The 30-share index ended 769.55 per cent to USD 57.39 per dollar, logging its worst single-day fall since August 5 and the lowest closing level since November 13, 2018.90."Rupee is likely to depreciate towards 73.52 per cent on Friday.75 per barrel.39 against the US dollar as heavy sell-off in the domestic equity market, weak macro environment and a stronger greenback kept investors edgy.1 per cent in July, mainly due to contraction in coal, crude oil and natural gas production.Mumbai: The rupee on Tuesday dropped sharply by 97 paise to more than nine-month low of 72.91.

Inflows are coming in the form of bonds, anticipating more rate cuts, but they remain less compared to the outflows, he added. This was further exacerbated by dismal August auto sales even as markets gave a thumbs down to PSB mergers, thereby raising worries of further rupee selling, as the FII exodus from equities continues," Anand James, Chief Market Strategist at Geojit Financial Services, commented.The forex market was closed on Monday on account of Ganesh Chaturthi.Foreign funds pulled out USD 2."The dollar Index climbed to the highest in more than two years as uncertainty over the planning of US-China trade talks' underpinned demand for the US currency," Sharma said.04 per cent, to settle at 10,797. The broader Nifty too sank 225."GDP # data was lower than expected and was down for the fifth consecutive quarter.The rupee opened lower at 72 to the US dollar at the interbank foreign exchange market and lost further ground to touch a low of 72.4292 and for rupee/100 Japanese yen at 67.88 points, or 2.Besides, the growth of eight core industries dropped to 2. The dollar index, which gauges the greenback's strength against a basket of six currencies, inched up 0.2397.The 10-year government bond yield was at 6.

Angel Broking Research Analyst Vaqarjaved Khan said, "US-China trade war jitters and weak quarterly GDP data from India lead to this fall.The domestic currency settled down by 97 paise at 72.Forex traders said a stronger dollar also dragged the rupee down. Monthly auto sales, eight core infra data and PMI data also came in weak along with the GDP and weighed on the India Rupee," said V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities.7586 and for rupee/euro at 79.06 per cent, lower at 36,562.Brent crude futures, the global oil benchmark, eased 1.Meanwhile, Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.40 against the dollar. The reference rate for rupee/British pound was fixed at 87.35 points, or 2.”China on Monday said it had lodged a complaint against the US with the World Trade Organization (WTO), one day after new tariffs were imposed by Washington on billions of dollars of Chinese goods came into force.The lingering US-China trade war and Brexit fears dragged the domestic currency, even as crude oil prices eased.49

"That is why I gave that little fine Injection Molding Screw Head and Ring line that I''m drawing about companies which would want to locate elsewhere outside of China."After all little China as a very big domestic market and the their purchasing power, consumption style may be very different from what it is in India, but I'm making that margin already that companies will probably be there to service the Chinese market tension or not tension," the Union minister said."I'd certainly be doing that.She led the Indian delegation to the G20 Finance Ministers and Central Bank Governors meeting on October 18 in which, the deliberations centered on international taxation and Stable coins. Therefore, she said, it might be important for the government to now see and meet up with a lot of industry leaders and invite them to India. But the fact remains that there are companies which are looking at relocating for various other reasons also," she said.She re-emphasized the need for G20 to ensure collective action so as to enable global growth to regain pace."I will make a blueprint with which I will approach them and put forward to them as to why India is a far more preferable destination," Sitharaman told a group of Indian reporters on Saturday at the conclusion of her interactions at the annual meeting of the International Monetary Fund and the World Bank.

Even as I said that, I said that not every company wants to lock, stock and barrel get out of China, there are companies which will remain there to service the Chinese market.Sitharaman gave a clarion call for "concerted action" in the face of global slowdown.She said India wants to create an eغير مجاز مي باشدystem to invite the companies to tap the country's market."That could either aggravate the situation or probably just influence at some level. Over in about that for those companies, even if they continue to be in China but still would want to produce from elsewhere either to export or to capture a new hub, domestic market like India," Sitharaman said...In this context, she emphasized the importance of countries pursuing structural reform measures to counter the growth slowdown.She also highlighted that the emerging market economies, in particular, face the challenge of achieving economic growth and inclusive development while pursuing sustainable financing.

I go back and design in some way whereby I will identify those multinational corporations, all American businesses or any other country European or a British origin who are moving out of China or who probably are even contemplating," Nirmala Sitharaman said.."I'm allowing that margin already.That could also be in specific areas in which India has a common capacity eغير مجاز مي باشدystem building, whether it''s electronics, lithium ion battery or any other semiconductors, she added.The minister said it is perceived that the opportunities in Vietnam are not that much attractive."There was one thing very clear that India is still for them (companies), one of the biggest options to consider," she added.However, Nirmala Sitharaman said the government's decision is not just going to be purely on the basis of what is happening presently between the United States and China.She said industry leaders who are contemplating getting their businesses out of China are "definitely considering India as the pitch".Washington: Finance Minister Nirmala Sitharaman has said she will prepare a blueprint for international companies that are looking beyond China to make India as their preferred investment destination

The brokerage expected a repo rate hike in the June meeting of RBI&Three-dimensional printer screw39;s Monetary Policy Committee.""However, if the RBI were to delay its normalization process, the risk of disruptive policy rate hikes would rise. "Again, the key risk would be a sharp and sustained rise in oil prices, exacerbating macro stability concerns and leading to disruptive monetary tightening.Regarding India's exposure to macro stability risks, Morgan Stanley said even as macro stability indicators are expected to worsen, lack of domestic imbalances and focus on improving the productivity dynamic will help to mitigate risks. The risk would stem from a further sustained rise in oil prices, leading to quick deterioration in macro stability and currency volatility," it said."Even as we expect the cyclical recovery trend to continue, we expect it to be softer than we previously projected," it said in a report."Building in higher oil prices, we trim our F23 GDP growth forecast 50bps, to 7.

"But we now expect the April policy to mark the process of policy normalization with a reverse repo rate hike."As such, we do not expect that fiscal or monetary policy will need to tighten disruptively to manage macro stability risks.The report saw upside risks of 0.New Delhi: As higher oil prices torpedo economic recovery worldwide, Morgan Stanley has cut India's GDP forecast for the fiscal year beginning April 1 by 50 basis points to 7.". Further, risks could arise if global growth conditions weaken further, which would impair India's export and capex cycle.9 per cent, raised retail inflation projection to 6 per cent and expects current account deficit to widen to 3 per cent of GDP. We see less room for fiscal policy stimulus to support growth given high deficit and debt levels - we see a possibility of a modest fuel tax cut and reliance on the national rural employment program as an automatic stabilizer," it said.4 per cent of GDP for FY23 (April 2022 to March 2023).

"India is affected through three key channels -- higher prices for oil and other commodities; trade, and tighter financial conditions, influencing business/investment sentiment.9 per cent, lift our CPI inflation forecast to 6 per cent, and expect the current account deficit to widen to 10-year high of 3 per cent of GDP," it said."We see risks skewed to the downside for growth and to the upside for inflation and the CAD," it said.India is 85 per cent dependent on imports to meet its oil needs and the recent spurt in international oil prices, which pushed rates to a 14-year high of USD 140 per barrel before retracting, will result in the country paying more for the commodity.The key channel of impact for the economy will be higher غير مجاز مي باشدt-push inflation, feeding into broader price pressures, # which will weigh on all economic agents -- households, business, and government. Also, higher prices will result in inflationary pressure. "We believe that the ongoing geopolitical tensions exacerbate external risks and impart a stagflationary impulse to the economy.5 per cent of GDP to the fiscal deficit target of 6

Meanwhile, on the domestic market front, the 30-share BSE Sen*** settled 83.At the interbank foreign exchange (forex), the domestic currency witnessed heavy volatility.12.37 per cent on Wednesday."My team is negotiating with them now, but they always change the deal in the end to their benefit," Trump tweeted.08.According to Sharma, India&High Speed Screw Factory39;s bonds are headed for their best month since 2016, largely due to the probable rate cut by the RBI in the next meeting in August.76 to US dollar. The Reserve Bank of India on Tuesday evening eased curbs on overseas commercial borrowing for companies and non-bank lenders.5751. Traders said market participants were trading # a cautious path as the US-China trade talks ended without a breakthrough.63 per cent to trade at USD 65.

Meanwhile, Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 68.34 per cent in July in its second month of gains.00.88 points or 0.29 per cent up at 11,118.89 a dollar and touched a low of 68. Brent crude futures, the global oil benchmark, rose 0.07 crore on Wednesday, according to the provisional data.5445 and for rupee/100 Japanese yen at 63. The rupee has risen by 24 paise or 0.The 10-year government bond yield was at 6. The local unit opened lower at 68.85.22 per cent higher at 37,481. The broader NSE Nifty ended 32. The rupee made a recovery later in line with gains in equity markets and touched a day's high of 68.60 points or 0.The 12th round of talks between top trade officials of the two countries ended without a breakthrough in Shanghai after US President Donald Trump's twitter tirade against Beijing.7500 and for rupee/euro at 76.

He further added that Budget announcement of shifting some borrowing offshore has been another reason behind rising bonds.31. "Rupee appreciated for second consecutive month amid strong foreign fund flow in debt market, foreign direct investment and stable crude oil prices," said V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities.The local unit finally closed at 68.79 against the American currency, registering a rise of 6 paise over its previous close of 68. The reference rate for rupee/British pound was fixed at 83.Mumbai: The rupee recovered from early lows to settle higher by 6 paise at 68.13 per barrel.Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 1,497. They will be allowed to raise foreign-currency debt with an average maturity of at least 10 years for working capital requirement, Sharma said.Forex traders said the rupee is trading in a narrow range as market participants are awaiting cues from the outcome of the Federal Open Market Committee (FOMC) meeting later on Wednesday.79 against the US dollar on Wednesday amid uncertainty ahead of the outocme of US Federal Reserve meeting..03 per cent to 98.The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.94 later

Clear the streets."As soon as the news reaches people, they either hide in their bomb shelters, or some people hide in underground tunnels.He says he is based near a Syrian army position in the regime stronghold of Latakia, and describes dodging artillery and Russian reconnaissance drones to keep an eye on outgoing warplanes."In 2014, Aandan and the villages around it would get hit by at least 10 barrel bombs a day, not including air strikes," Bakhso says."Moments later, activists in a rebel-held area in northwestern Syria sound warning sirens that prompt civilians to take cover before incoming air raids.'Life Or Death'In the northern province of Aleppo, residents and civil service volunteers use three walkie-talkie channels to communicate about air strikes, media activist Adel Bakhso says."I know when the plane takes off, and as soon as it does, I tell people that a plane is coming towards them," he tells AFP. These monitors are really necessary," he told AFP over WhatsApp, which is popular across the Middle East.The networks near his town, Aandan, were established nearly three years ago and became crucial when the government began dropping barrel bombs on it in 2014."That allows activists to China Screw barrel of injection moulding machine broadcast warnings across the town: "Barrel bomb helicopter has entered airspace from the east."When the regime began using warplanes and helicopters on cities, people started thinking of ways to warn civilians," he told AFP via the Internet.Russia has also been accused of causing civilian casualties in its strikes, though it denies the claims and says it is targeting the Islamic State group and other "terrorists".

Activists who rely on the monitors say the warnings are essential."These warnings have saved the souls of many civilians.When the alert goes out, residents in towns like Aandan or Talbisseh have between five to seven minutes to take cover in cement basements or flee to a neighbouring village.. Clear public spaces," goes one warning.Russia operates military aircraft from Latakia's seaside military airport of Hmeimim, where thousands of its troops are also based."Walkie-Talkies In MinaretsRights groups have regularly accused Assad's regime of indiscriminate aerial bombardment of rebel-held territory since the conflict began with anti-government protests in March 2011.Bakhso says Aandan's local council recently built five new shelters reinforced with cement blocks, some of them underground."After a lot of attempts at other things, they decided in the end to hook walkie-talkies up to the loudspeakers in the minarets of mosques.The mesغير مجاز مي باشدe, sent via the mobile application WhatsApp, is part of an effort by a network of civilian and rebel coordinators across Syria who call themselves "the monitors". Civilians, take care.But Abu Mohammad agreed to speak to AFP using a pseudonym. Beirut: In Syria's coastal Latakia province, Abu Mohammad sends a warning from his phone to a secret network of colleagues: "Caution: A Russian plane just took off in your direction..Fearing retribution from forces loyal to Syrian President Bashar al-Assad, "the monitors" will not divulge their names or locations.

From positions near government-held military airports, they use mesغير مجاز مي باشدing services or walkie-talkies, depending on Internet coverage, to warn activists, medics, and rebels about incoming aerial attacks.".The monitors operate like a chain: when a Russian plane takes off from Hmeimim, the spotter warns counterparts in the provinces where the plane is heading, who in turn contact activists and rebels there.They track flight paths and try to decipher communication codes to warn them that Syrian or Russian military aircraft are headed their way."The idea is to protect people, and rebels, from the planes and the shelling."After a while, the guys on the ground were able to break the Russians' communication code, as well as monitor the planes by sound and sight," Abu Nuh says.Russia's role in the Syrian conflict has added a new challenge for the monitors, who say they have been able to decode intercepted mesغير مجاز مي باشدes in Russian.Even before the Russian campaign began, activists had begun trying to find ways to minimise casualties in air strikes..His job has become even more complicated since September 30, when long-time regime ally Russia began an air campaign in support of the government."The monitors and civil defence team played an extraordinary role, letting people know when helicopters were coming in," he adds.In the central province of Homs, activist Hassaan Abu Nuh is on alert for mesغير مجاز مي باشدes about warplanes headed to his town of Talbisseh, which is regularly bombarded by Russian and Syrian government planes.Another monitor in Latakia, Abu Omro, says he and his colleagues are loosely organised into units and the network is not affiliated with a specific rebel group. this is life or death for people in these areas.They are a network of civilian and rebel coordinators across Syria calling themselves 'the monitors'

It further said the financial health of upstream producers in India could be hurt if the government introduces additional taxes on such companies or a per-barrel levy over a certain price cap.“Such a tax adjustment, if sought, would also protect the government’s pro-reform stance and the financial health of both upstream oil companies and downstream oil marketing companies.India imports almost 80 per cent of its crude oil requirements. S&P said amid rising crude oil prices, tight implementation of retail fuel-pricing policies would influence the leverage of Indian oil companies.

“We don’t expect any reversion to the subsidy mechanism similar to before 2014 in India, even though the incumbent government may opt to control retail fuel prices, using other means, to cushion the inflationary shocks,” Kulkarni added.“While rising oil prices bolster the cash flows of upstream Extruder screw barrel manufacturers businesses, cross subsidies from upstream to downstream segments could limit such benefits,” Kulkarni said.“This puts pressure on consumers and results in higher inflation, a sensitive subject, given the impending federal and state elections over the next 12 months,” S&P Global Ratings credit analyst Vishal Kulkarni said.About 30-40 per cent of current retail fuel prices in India are composed of federal and state taxes; a lever governments tend to adjust if crude stays high and some relief in retail fuel prices appears warranted, S&P said.

New Delhi: With petrol and diesel prices scaling record highs, S&P Global Ratings on Monday said the government might opt to control retail fuel prices to cushion inflationary shocks.. Rising crude prices and the recent 10 per cent slide in the rupee has translated into higher fuel prices for consumers. However, it could have some adverse impact on the government’s fiscal deficit,” it added. Their working capital requirements may rise to fund higher-priced petroleum products, he added. If downstream companies can’t fully pass-through higher crude oil prices to consumers, profitability could weaken.The US-based agency sa­id it assumes a Brent crude oil price per barrel of for the rest of 2018, for 2019 and for 2020, against the current spot price of almost per barrel in our financial projections

”Snedaker, Kerr and other advocates and doctors are optimistic about a million, three-year study being done by the NCAA and the department of defence.She has pledged to donate her brain to medical researchers when she dies. Many shared similar stories of not healing as fast as people thought they should, doctors minimising their conditions and feeling isolated while recovering at home, she said.She founded her nonprofit advocacy group PINK Concussions in 2013 in response to what she discovered was a lack of information and research on female concussions.”Snedaker has sought to keep a light shining on the need for more research, better medical care, and more community support for girls and women with concussions and other brain injuries suffered through sports, military service, domestic violence and accidents. But it wasn’t until her son suffered a series of concussions in the sixth grade, around 2008, that she felt compelled to learn all she could about head injuries to help him recover.”Snedaker said she suffered her concussions in a series of accidents, but has been lucky not to develop permanent symptoms. Her son’s concussions, suffered in soccer, skateboarding and lacrosse, spurred her to research head injuries, contact experts and attend medical conferences. Preliminary results are expected to be released in late January.In March, Pink Concussions will hold its second annual international summit on female concussions and traumatic brain injuries; it will be hosted by the National Institutes of Health. We need more surveillance at all levels. “What I wanted to do was educate the public.

A major impetus to Snedaker’s activism has been hearing stories in support groups and in surveys from women and girls suffering from concussions. She has organised several conferences that have Shoe machine barrel screw manufacturers brought together medical experts and military leaders she has met, done dozens of media interviews, and launched a website — Pink Concussions — to share information. The results may lead to sports rule changes and international guidelines on prevention and treatment, he said. It was in the clinics where she began to hear the girls’ stories.She went on to start support groups and educational websites, as well as co-found and work in concussion clinics.“There are all these different theories out there about why concussions are higher in women than in men, but we really don’t know why,” he said.Most research has focused on men, especially dozens of former football players who died from a degenerative brain disease that has been linked to concussions.”. She formed the group during a yearlong medical leave to treat breast cancer and while rebuilding her home, damaged by Superstorm Sandy.Other sources of her concussions include a car accident in college, being hit by a lacrosse ball, hitting her head on a door frame and slamming her head against a wall while flopping onto a bed, she said.

During her journey of learning, she has become a nationally known advocate for better research, medical care, and support for girls and women with brain injuries, including concussions.Hartford, Connecticut: Katherine Snedaker says she has had 20 concussions, the first three decades ago from a car accident when she was 16.“These girls had been cycled through the medical community and kind of spit out,” Snedaker said. We need to get more information out there. “What totally got me were these women who were isolated and alone. “It’s adjusting attitudes,” she said.“Katherine has done a lot of great work as an activist,” said Dr Zachary Kerr, an assistant professor in exercise and sport science at the University of North Carolina and former director of the NCAA’s injury surveillance programme. “We need more data collection.Dr Brian Hainline, chief medical officer of the NCAA, said it also will be the largest-ever study of female concussions. Doctors agree more research is needed on any gender differences and whether women experience more severe symptoms or take longer to recover.Some studies show females suffer more concussions than males when playing similar sports.“These are all total screw-up accidents,” she said.“There’s a lot we don’t know,” said Snedaker, 49, a licenCed clinical social worker who gave up her regular job to advocate full-time at her own expense.The study is billed as the largest ever of concussion in sports, involving more than 25,000 student athletes. “It’s educating women

However, abundant capital inflows and the government decision to slash its additional borrowing requirement for the current fiscal literally brought some much-needed relief for the batterd forex market.7183 and for the euro at 78.77 paise against the pound sterling to finish at 88. The week started with a strong gap-up at 63.49 against weekend close of 63.Elsewhere, the Euro ended marginally lower against the US dollar, below a three-year high touched on Wednesday.58 per cent in December 2017.2 per cent in December last year, though wholesale prices eased to 3.33 before retreating sharply.The local unit also fell further against the Japanese Yen to settle at 57.84. Battling the twin pressure -- rising crude prices and worsening trade deficit -- the Indian currency tumbled to a fresh two-week Shoe machine barrel screw low of 64. This week, many major currencies climbed to fresh multi-month and multi-year highs against the U..7 billion to scale a new life-time high of USD 413.Indeed it was a highly volatile week for currency market as rupee climbed to a fresh 3-year high of 63.Furthermore, the retail inflation accelerated to 5.50 paise last Friday.68 per 100 yens from last weekend close of 57.

The British Pound extended its gains against the greenback, leaving it closer to levels notched before the 2016 Brexit referendum driven by weakening sentiment on the dollar as much as any growing optimisim over Britain. Brent crude futures settled at USD 68.33. The RBI, meanwhile fixed the reference rate for the dollar at 63.The Venezuelan crisis added some fuel to the fears from within OPEC that their production cuts are biting faster than expected, which could make the inventory drawdowns overshoot at some point.77 and tumbled against the euro to end at 78.37.Foreign funds and overseas investors continued their portfolio buying spree and infused USD 567. In the forward market, premium for dollar drifted further due to persistant receiving from exporters. The domestic unit lost a staggering 47 paise in two-week slide.The Indian unit crumbled by a staggering 1.

But, it soon turned volatile and succumbed to heavy selling pressure, breaching the key 64-mark to touch a low of 64.27.84, showing a loss of 21 paise, or 0.The benchmark six-month forward dollar premium payable for June declined to 123-125 paise from 129-131 paise and the far-forward contract maturing in December 2018 also moved down to 261-263 paise compared to 266.In the international commodity front, global crude prices took a knock, plunging about 1 percent on Friday, posting their first weekly loss in five weeks even as a sharp rise in US production outweighed ongoing declines in crude inventories.A breathtaking rally in domestic equities too weighed on the forex trading front.33 per cent.50-268.61 a barrel after hitting their highest since December 2014 at USD 70.Meanwhile, the foreign exchange reserves rose by USD 2.The local unit finally settled at 63.

At the BSE, 1,696 stocks declined, while 829 advanced and 147 remained unchanged.All sectoral indices also ended with losses, where BSE auto, realty, metal, bankex, finance, oil and gas, energy, teck and IT indices fell up to 3.09.95 per barrel on Monday, brent crude futures corrected slightly to trade at USD 67. "The selling pressure aggravated for Indian markets as depreciating rupee and geo-political tensions spooked investor sentiments.73 per cent to close at 36,481. During the day, it dropped 704.Led by the heavy selling in the market, the market capitalisation (m-cap) of BSE-listed companies eroded by Rs 2,72,593.After soaring as much as 20 per cent to USD 71.

In the broader market, the S&P BSE small-cap and mid-cap indices fell by up to 1.22 Injection Molding Screw Head points. The sharp rise in crude oil prices has impacted domestic sentiments due to India's high dependence on imports," Ajit Mishra, Vice President, Research, Religare Broking said.The BSE gauge had on Monday settled 262 points lower.19 per cent.97 per US dollar.The attack on the world's largest oil processing facility in Saudi Arabia has led to a record surge in global crude prices.97 per barrel on Tuesday."The rampant sell-off across the horizon for second consecutive day resulted in complete erosion of previous week's gains.From the 30-share pack, 27 stocks closed with losses led by Hero MotoCorp, Tata Motors, Axis Bank, Tata Steel, Maruti Suzuki India and SBI which tumbled up to 6.The BSE Sen*** on Tuesday plummeted 642.

The sudden spike in oil prices on account of drone attacks on Saudi Arabia establishments has definitely disrupted sentiments as it tends to adversely impact current account and fiscal deficit, thereby deterring the path of recovery for an economy that is already immersed in a slowdown," Nischal Maheshwari, CEO – Institutional Equities, Centrum Broking said.Tracking the movement in oil prices, the rupee further depreciated by 37 paise in intra-day to trade at 71.84 per cent.54 crore to Rs 1,39,70,356.72 lakh crore in two days as soaring crude oil prices in the wake of rising geopolitical tensions in the Middle East led to severe selling in the equity market.22 crore..22 points or 1.80 per cent.Ne

Due to this India is now expected to grow by 7. We marginally revise up our FY19 CPI inflation estimate to 4.3 per cent in 2018-19 against earlier forecast of 7.“A rise in crude oil prices would tend to increase total imports, resulting in a dampening impact on growth.“Indeed, in the current fiscal year net FPI outflows of . Apart from the slowdown in the economic growth, Yes Bank said it expects net FPI inflows to slowdown from billion in FY18 to zero in FY19, due to investors concerns on risks facing fiscal. Crude oil is also likely to push up the retail inflation.Though the resumption of shale oil production could soften the impact of the Opec supply cut, the shale oil production too has remained slow to pick up pace.

New Delhi: India’s macro-economic indicators are expected to take a hit this year, with crude oil expected to remain elevated at a barrel.“India is a net importer of crude oil, accounting for 45 per cent share in net merchandise imports.7 per cent previously), reflecting a stronger rise in fuel inflation,” it said.However, it said that some of the upside risk to CAD could be moderated by higher remittance inflows, which tend to pick-up when oil prices rise. We estimate that an increase of per barrel in crude oil prices would result in petroleum trade deficit rising by billion,” it said.Fuel accounts for 9.5 per cent, it said.9 Extruder screw barrel per cent (from 4..4 billion have been seen till May,” said the bank.

“As per our estimates, a per barrel rise in crude oil prices would result in around 12 per cent rise in remittances.2 per cent weight in the CPI index and the rise in crude oil prices (along with impact of rupee depreciation) have been partially passed on to consumers.6 per cent of GDP, reflecting a stronger pick-up in trade deficit, which is partly balanced by stronger performance in services exports and a rise in remittances. However, there is only a marginal downward revision, as the growth is expected to be supported by twin engines of consumption and gradual recovery in capex cycle in FY19,” a report by Yes Bank said.Yes Bank revised its FY19 current account deficit (CAD) to 2.Crude oil prices have remained high in the recent past due to production cuts by Opec and a gradual recovery in the global economic growth