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Oil surge may push WPI up 1%, widen CAD: Report: Bank of Baroda

A 10% increase in global oil prices is estimated to have a direct impact of approximately 0.7-1 per cent on India's Wholesale Price Index (WPI). According to a report by Bank of Baroda on the Middle East crisis, the overall effect could reach a 1 per cent increase in WPI inflation when indirect impacts are included.

6 Mar 2026 5:41 pm