Crude Oil May Hit $50 by June 2026; India's Inflation, Rupee to Benefit: SBI Research

• SBI Research forecasts Indian crude oil to drop to $50/barrel by June 2026, citing global price softening.
• This decline is expected to significantly reduce India's import bill, providing macroeconomic relief.
• A 14% fall in crude prices could lower CPI inflation by 22 basis points, pushing FY27 average below 3.4%.
• The rupee is projected to appreciate by nearly 3%, bringing the USD/INR exchange rate closer to Rs 87.9.
• Lower energy costs are anticipated to positively impact India's annual GDP growth by 10-15 basis points.

Why It Matters: SBI Research predicts crude oil to fall to $50 by June 2026, boosting India's economy, rupee, and inflation outlook.