3153652073_58f713e5d8_o Courtesy: flickr
21 January 2016

Financial hedge for India’s oil risk

India could save $80 billion annually if oil prices stay at the current 12-year low. Policy-makers must use this opportunity to lock-in energy prices for the long-term. Financial markets, through futures and options, offer a way to make these savings permanent, and the Ministry of Finance must formulate ground rules for hedging.