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Foreign outflow worries ‘overstated’: S&P confident about India amid Middle East crisis; says economy ‘fundamentally strong’
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S&P Global has said that the country has adequate financial buffers to manage a wider current account deficit that could emerge because of rising crude oil prices. India’s current account deficit has narrowed over the past few years, although fluctuations in global crude prices now pose a risk to that improvement. What's Your Reaction?
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