United Arab Emirates & S&P Global — CRISIL Ratings

United Arab Emirates: The United Arab Emirates experienced a petrol price increase of about 52%, indicating a substantial pass-through of crude costs to consumers.

S&P Global — CRISIL Ratings: S&P Global — CRISIL Ratings>>>, a rating agency, has warned that the rise in petrol and diesel fares is likely to add fresh inflationary pressures to India>>>'s economy, estimating a direct impact of up to 48 basis points on CPI inflation.

United Arab Emirates: As a major importer of Indian fresh mangoes, the United Arab Emirates is affected by the slump in exports and increased freight charges, potentially leading to reduced supply and higher prices for consumers.

S&P Global — CRISIL Ratings: S&P Global — CRISIL Ratings provided data on India's mango production.

United Arab Emirates: The United Arab Emirates is being used in bilateral trade settlements between India and the United Arab Emirates, contributing to the diversification of payment systems away from the United States.

S&P Global — CRISIL Ratings: S&P Global — CRISIL Ratings, an India-based credit rating agency, expects further small price increases in retail oil prices, which will have a wider impact on the economy.

S&P Global — CRISIL Ratings: S&P Global — CRISIL Ratings published a report forecasting India's current account deficit under various oil price scenarios.