SBI Predicts Oil Price Drop by June 2026: India's Economy Set for Double Benefit

• SBI Research forecasts crude oil prices could fall to $50 per barrel by June 2026.
• Lower oil prices are expected to keep CPI-based inflation below 3.4% for FY26-27.
• India's GDP growth rate could see an increase of 0.1-0.15% due to cheaper energy.
• A reduced import bill and a stronger rupee (potentially 87.5 against USD) are anticipated.
• The Indian economy will benefit from cheaper imports, lower inflation, and boosted consumption, production, and jobs.

Why It Matters: Falling crude oil prices by June 2026 will significantly boost India's economy, reducing inflation and strengthening the rupee.