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Goldman Sachs has estimated oil prices will drop to $80 per barrel toward the end of this year.
Goldman Sachs predicts Brent crude oil prices will fall to $80 per barrel by year-end.
KEY POINTS
- The Indian government is currently absorbing oil price shocks instead of passing them to consumers.
- If high oil prices persist, Indian consumers may face price hikes in the next quarter.
- Goldman Sachs expects the Reserve Bank of India to raise interest rates by 50 basis points later this year.
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