Mumbai, Sept. 21 -- The elevated crude oil prices pose a direct threat to India's macroeconomic stability, with retail inflation projected to inch toward the 5.8 to 6.0 per cent mark by next quarter if prices stay elevated, according to Anindya Banerjee, Head - Commodity and Currency, Kotak Securities.

Speaking exclusively to ANI on Monday, Banerjee highlighted that Brent crude remaining above USD 100 per barrel will exert multiple rounds of pressure on the domestic economy.

He noted that India's Current Account Deficit (CAD) could widen to 1.8 to 2.0 per cent of GDP in FY26, up from 0.5 to 0.6 per cent last fiscal.

"The longer the oil prices stay above USD 100--why even USD 100, above USD 90--it will start to have multiple rounds of i...