Robert Subbaraman expects lower crude oil prices and a government initiative to attract non-resident Indian (NRI) deposits to improve India's macroeconomic outlook.

India

Who

Robert Subbaraman, Head of Global Macro Research at Nomura Singapore

What

When

Fri, 19 Jun 2026 05:18:33 GMT · 4h 7m ago

Where

India ·

Why

Lower crude oil prices (from $100 to $80 per barrel) and a government scheme to attract $55 billion in NRI deposits are expected to ease inflation, support growth, and strengthen the rupee.

The Frontline Impact

How this affects you

The combination of reduced oil prices and increased NRI inflows is projected to reverse pressure on India's balance of payments, reduce the current account deficit, and lead to a positive economic spiral.

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Verified Sources & Citations

CNBC TV18
https://www.cnbctv18.com/market/india-fundamentals-improve-crude-oil-prices-fall-nri-inflows-rise-nomura-robert-subbaraman-fdi-artificial-intelligence-strait-of-hormuz-geopolitical-tensions-west-asia-currency-rupee-19928455.htm
HIGH

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