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Bank CEO says this on India, cheap oil

International   |   Glibs Quick   |   Mar 08, 2020, 14:56 PM

Kotak Mahindra Bank CEO Uday Kotak pointed out that amidst turbulence and the virus, some good news - oil at $45/ barrel. 'Recent $20 drop saves India $30 billion per annum', he said. Also global interest rates have collapsed making money cheap, he also shared. Let’s leverage these for policy to boost growth, he hoped. 

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