Higher oil prices will result in worsening deficit, says Ajay Tyagi

Ajay Tyagi, EVP & Fund Manager at UTI Mutual Fund discusses with Prashant Nair and Ekta Batra his analysis on the fundamental side of the market as well as specific stocks and sectors.

Unless and until we hold the view that oil prices are going to slip back south of USD 60 per barrel, the average oil prices in the upcoming year FY19 are definitely going to be higher than FY18 if they stay around the levels that we are in right now and that would have pressure on the current account deficit for sure, he said.