19-May-2026
Economy News
 
India's demand-side push could build USD 37.8 billion forex shield as high oil prices threaten fiscal stability: Brickwork Ratings
18-May-2026

In a bid to safeguard macroeconomic stability against volatile global commodity shifts, a report by Brickwork Ratings revealed that a strategic, consumer-led "demand-side push" could help India save up to USD 37.8 billion (approximately Rs 3.59 lakh crore) in foreign exchange reserves. With crude prices likely to stay above USD 100 per barrel for the rest of 2026 and the rupee under pressure near Rs 95/USD, Brickwork Ratings said Prime Minister Narendra Modi's seven behavioural appeals could provide India with a USD 37.8 billion forex buffer this fiscal year.

News Source:- https://economictimes.indiatimes.com/news/economy/indicators/indias-demand-side-push-could-build-usd-37-8-billion-forex-shield-as-high-oil-prices-threaten-fiscal-stability-brickwork-ratings/articleshow/131148299.cms
 
 
 

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