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Anthony Scaramucci: Dems’ push to the left ‘almost ensures’ Trump’s re-election

Anthony Scaramucci believes the Democrats' recent push to the left “almost ensures” President’s Trump re-election, because the country is not ready for it.

Scaramucci, who served as the White House Director of Communications for an eventful 11 days, told Fox & Friends that the recent emergence of socialism as a dominant theme in the run-up to 2020 could seal the deal for his old boss’ re-election.

“I Love the message [of the Democrats], because it almost ensures the president’s re-election,” he said.

“The further they push to the left, the country is not ready for that. This is by and large a center-right country, on things like business, free enterprise and self-reliance.

“When they're pushing that and that's obviously a false promise that’s never worked anywhere throughout history and it is certainly not going to work in the United States where this is by and large a group of risk takers.”

2020 CANDIDATE ANDREW YANG DEFENDS $1,000 A MONTH PROGRAM, SLAMS DEMS FOR WANTING TO ABOLISH ELECTORAL COLLEGE

Scaramucci continued that President Trump has “done such a number on these guys” and he’s got “inside their melons.”

“It’s fun to watch. I have got to tell you, I’m glad I am on his team.”

He added that the Democrats' complete refusal to work with President Trump in Congress, namely a deal on border security, could end up helping him in the long-term.

“Again, I think it sets him up very well for the 2020 narrative. Say, ‘listen, I tried to do all these different things for the American people. Here is the resistance.'”

Scaramucci was also asked about Bill Barr’s testimony earlier this week when the Attorney General said “spying did occur” on the Trump campaign ahead of the 2016 election.

But the normally combative Scaramucci urged caution.

DEMOCRATIC STRATEGIST: DEMS MAY YET 'FIND A WAY TO NOT WIN' 2020

“Well, listen, the Attorney General said it so, I mean, you just have to step back and look at it, remember the distinction between surveillance and spying. Spying means that things happen without the right protocol and right process. And, remember this, the president said this almost two years ago.”

He added: “Remember the distinction, when you say the word spying, that means it was happening, you know, surveillance is OK. Here is the warrant, here is the reason we are doing the surveillance. Spying is a more renegade word if you will.

“It's a combination of Comey, clapper, Brennan. I think they are all caught in a box now. And someone is going to have to explain what happened.”

Scaramucci also said he believes that the fallout of the Mueller report has only led to an increase in both sides going after one another.

“What I don't love about the entire thing though is we are going to be going after each other now and we are politicizing a lot.

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“We are weaponizing and criminalizing a lot of the political differences between the two parties. So, for me, I would love to see these people focus on policy, and focus on fixing the border crisis. Focus on rightsizing the issues that we have with healthcare and things like this.”

Source: Fox News Politics

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DOJ argues Supreme Court should reject suits against border agents who shot Mexican teens

The Trump administration urged the Supreme Court on Thursday not to allow the families of Mexican teenagers shot by U.S. border agents to sue those agents for civil damages.

The federal government is not a direct party to a pair of pending appeals, but the justices had asked the Justice Department to weigh in with its views. The high court was urged in a government brief to take up the issue and rule for the agents.

At issue: whether the border agents deserved “qualified immunity” from lawsuits over their official conduct. In separate incidents, both fired their weapons across the border, killing the teens.

One case involved a lawsuit from the family of Sergio Adrián Hernández Güereca, a 15-year-old Mexican citizen, who was shot to death by border agent Jesus Mesa, Jr., near El Paso, Texas, in 2010. The Justice Department earlier declined to pursue criminal charges against Mesa.

Jose Antonio Elena Rodriguez, seen in the picture, was killed in 2012. (AP Photo/Valeria Fernandez, File)

Jose Antonio Elena Rodriguez, seen in the picture, was killed in 2012. (AP Photo/Valeria Fernandez, File)

CLARENCE THOMAS SPEAKS OUT AGAINST 'RELIGIOUS TESTS' FOR JUDICIAL PICKS

The other case involved Lonnie Swartz – a U.S. Border Patrol agent accused of using deadly force in the killing of Jose Rodriguez, a 16-year-old Mexican boy, near Nogales, Ariz., in 2012.

Both agents said in the separate incidents they were being attacked by people throwing rocks from the other side of the Mexican border. Swartz was acquitted of second-degree murder.

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If the justices take up the cases, it could hinge on whether the Mexican plaintiffs could rely on a 1971 Supreme Court decision (known as Bivens), allowing a lawsuit seeking money from federal officials for violations of the Constitution.

The justices could decide in coming weeks whether to put the cases on their argument docket.

Source: Fox News Politics

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Kosovar returnees from Syria eager to leave shelter, go home

Kosovo families have been waiting outside a shelter, trying to talk with relatives who have been repatriated from Syria.

On Saturday, 110 Kosovar citizens — four alleged foreign fighters, 32 women and 74 children — were brought back home with the assistance of the United States.

Hidajete Delia was waiting for hours Monday morning to meet up with her sister Dafina, 23, and her sister's two little children at the camp in Vranidoll, 10 kilometers (6 miles) from Pristina, the capital. She says her sister calls the six years she spent in Syria "hell."

Since 2012, more than 400 people have left Kosovo, a predominantly Muslim nation, to join extremist groups in Syria and Iraq, but authorities say no one has left in the past three years.

Authorities say 87 Kosovo citizens are still in Syria.

Source: Fox News World

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President Trump Losing Fight For Free Speech Online

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Source: InfoWars

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Watch Live: Avenatti Crashes And Burns As Trump Totally Cleared Of Collusion Charges

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French Right Furious Over Plans to Rebuild Notre Dame With Modern Materials

Conservative French politicians are outraged over President Emmanuel Macron’s suggestion that modern materials like steel, titanium and carbon be used in the reconstruction of Notre Dame as the president seeks to fulfill his promise of finishing the project within five years.

Marine Le Pen, leader of the Rassemblement National, the right-wing party formerly known as the National Front, lashed out at her former presidential rival on Twitter. Responding to a tweet by French PM Edouard Philippe about an international architectural competition to replace the 19th-century spire, which collapsed during the fire, Le Pen tweeted #Touchepasnotredame – or hands off Notre Dame.

In his tweet, the PM questioned whether the spire should be made out of the same materials, or whether it should even be rebuilt at all.

According to the FT, Macron’s promise to rebuild the cathedral within five years would probably be impossible if builders had to source, season and fit the type of massive oak beams used in the original construction.


Leo Zagami joins Alex Jones live via Skype to break down the speculation surrounding the discovery of a mysterious figure on live television cameras walking across a very high level of the Cathedral while the spire and wooden elements burned on the other side of the great Notre Dame.

Meanwhile, Jordan Bardella, a 23-year-old rising star of the far-right who is leading the RN into the European elections in May, mocked the idea of a contemporary roof for the cathedral, instead demanding an “identical” reconstruction while condemning the prospect of “some awful piece of contemporary art, modern art.”

Bardella told a French television station: “We have to stop the madness now. France’s heritage deserves the utmost respect.”

But Le Pen and RN weren’t the only ones attacking Macron over his suggestion.

Laurent Wauquiez, leader of the Republicans, the party of former prime minister Nicolas Sarkozy, also demanded that the reconstruction be identical to the original, while Francois-Xavier Bellamy, the head of his party’s list for May’s European Parliament elections, suggested that Macron and his ministers were guilty of arrogance and haste in trying to second-guess experts for the rebuilding of the cathedral.

As the FT pointed out, the controversy echoed the battle over the modernization of the Louvre museum in the 1980s under Francois Mitterrand, when glass pyramids were commissioned for the space between two wings of the museum.

Already, French billionaires, Apple Inc., and a host of others from the private sector have pledged some €800 million ($900 million) to help restore Notre Dame after the devastating Holy Week fire that destroyed the roof and much of the exterior of the cathedral. Though this outpouring of wealth has aggravated members of the gilet jaunes movement, who attacked the donors for doing nothing to alleviate the social ills that inspired the movement.

As the French government, which is responsible for the cathedral, tries to put together a plan for the reconstruction, we imagine these issues will only intensify.


Leo Zagami joins Alex Jones live via Skype to lay out how the Notre Dame fire may be an occult ritual, predicted by Nostradamus in one of his infamous quatrains.

Source: InfoWars

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Saudi Crown Prince meets commander of U.S. Central Command -report

FILE PHOTO: Saudi Arabia's Crown Prince Mohammed bin Salman speaks during a meeting with Indian Prime Minister Narendra Modi at Hyderabad House in New Delhi
FILE PHOTO: Saudi Arabia's Crown Prince Mohammed bin Salman speaks during a meeting with Indian Prime Minister Narendra Modi at Hyderabad House in New Delhi, India, February 20, 2019. REUTERS/Adnan Abidi/File Photo

April 15, 2019

CAIRO (Reuters) – Saudi Crown Prince Mohammed bin Salman met U.S. Central Command commander General Kenneth McKenzie in the capital Riyadh to discuss cooperation between the two countries, especially in the military arena, Saudi Press Agency said late on Monday.

They reviewed bilateral relations between the two countries and latest developments in the region, SPA said.

(Reporting by Ali Abdelaty; Editing by Sonya Hepinstall)

Source: OANN

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Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London
Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London, Britain, April 24, 2019. REUTERS/Gerhard Mey

April 26, 2019

By Hanna Rantala

LONDON (Reuters) – Irish rockers The Cranberries are saying goodbye with their final album released on Friday, a poignant tribute to lead singer Dolores O’Riordan who died last year.

“In the End” is the eighth studio album from the band that rose to fame in the early 1990s with hits likes “Zombie” and “Linger”, and includes the final recordings by O’Riordan, who drowned in a London hotel bath in January 2018 due to alcohol intoxication.

Work on the album began during a 2017 tour and by that winter, O’Riordan and guitarist Neil Hogan had penned and demoed 11 tracks.

With O’Riordan’s vocals recorded, Hogan, bassist Mike Hogan and drummer Fergal Lawler completed the album in tribute to her.

“When we realized how strong the songs were, that was the deciding factor really… There was no point… trying to ruin the legacy of the band,” Noel Hogan said in an interview.

“It was obvious that Dolores wanted this album done because when you hear the album, you hear the songs and how strong they are, and she was very, very excited to get in and record this.”

The Cranberries formed in Limerick in 1989 with another singer. O’Riordan replaced him a year later and the group went on to become Ireland’s best-selling rock band after U2, selling more than 40 million records.

O’Riordan, known for her strong distinctive voice singing about relationships or political violence, was 46 when she died.

“She was actually in quite a good place mentally. She was feeling quite content and strong and looking forward to a new phase of her life,” Lawler said.

“A lot of the lyrics in this album are about things ending… people might read into it differently but it was a phase of her personal life that she was talking about.”

The group previously announced their intention to split after the release of “In The End”.

“We are absolutely gutted we can’t play (the songs) live because that’s something that’s been a massive part of this band from day one,” Noel Hogan said.

“A few people have said to us about maybe even doing a one off where you have different vocalists… as kind of guests of ours. A year ago that’s definitely something we weren’t going to entertain but I don’t know, I think it’s something we need to go away and take time off for the summer and have a think about.”

Critics have generally given positive reviews of the album; NME described it as “(seeing) the band’s career go full-circle” while the Irish Times called it “an unexpected late career high and a remarkable swan song for O’Riordan”.

Their early songs still play on the radio. This week, “Dreams” was performed at the funeral of journalist Lyra McKee, who was shot dead in Londonderry last week as she watched Irish nationalist youths attack police following a raid.

“We wrote them as kids, as a hobby and 30 years later they are on radio and on TV, like all the time… That’s far more than any of us ever thought we would have,” Noel Hogan said.

“That would make Dolores really happy because she was very precious about those songs. Her babies, she called them and to have that hopefully long after we’re gone… that’s all any band can wish for.”

(Reporting by Hanna Rantala; additoinal reporting by Marie-Louise Gumuchian; Writing by Marie-Louise Gumuchian; Editing by Susan Fenton)

Source: OANN

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2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston
2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston, Texas, U.S. April 24, 2019. REUTERS/Loren Elliott

April 26, 2019

By Joshua Schneyer and M.B. Pell

NEW YORK (Reuters) – Senator Elizabeth Warren will introduce a bill Friday that offers new protections for U.S. military families facing unsafe housing, following a series of Reuters reports revealing squalid conditions in privately managed base homes.

The Reuters reports and later Congressional hearings detailed widespread hazards including lead paint exposure, vermin infestations, collapsing ceilings, mold and maintenance lapses in privatized base housing communities that serve some 700,000 U.S. military family members.

(View Warren’s military housing bill here. https://tmsnrt.rs/2Dy5aht)

(Read Reuters’ Ambushed at Home series on military housing here. https://www.reuters.com/investigates/section/usa-military)

The Massachusetts Democrat’s bill would mandate both regular and unannounced spot inspections of base homes by certified, independent inspectors, holding landlords accountable for quickly fixing hazards. The military’s privatization program for years allowed real estate firms to operate base housing with scant oversight, Reuters found, leaving some tenants in unsafe homes with little recourse against landlords.

The bill would also require the Department of Defense and its private housing operators to publish reports annually detailing housing conditions, tenant complaints, maintenance response times and the financial incentives companies receive at each base. The provisions aim to enhance transparency of housing deals whose finances and operations the military had allowed to remain largely confidential under a privatization program since the late 1990s.

The measure would also require private landlords to cover moving costs for at-risk families, and healthcare costs for people with medical conditions resulting from unsafe base housing, ensuring they receive continuing coverage even after they leave the homes or the military.

“This bill will eliminate the kind of corner-cutting and neglect the Defense Department should never have let these private housing partners get away with in the first place,” Warren said in a statement Friday.

The proposed legislation comes after February Senate hearings where Warren, a member of the Senate Armed Services Committee who is seeking the Democratic nomination for the 2020 U.S. presidential election, slammed private real estate firms for endangering service families, and sought answers about why military branches weren’t providing more oversight.

Her legislation would direct the Defense Department to allow local housing code enforcers onto federal bases, following concerns they were sometimes denied access. Warren’s office said a companion bill in the House of Representatives would be introduced by Rep. Deb Haaland, Democrat of New Mexico.

In response to the housing crisis, military branches are developing a tenant bill of rights and hiring hundreds of new housing staff. The branches recently dispatched commanders to survey base housing worldwide for safety hazards, resulting in thousands of work orders and hundreds of tenants being moved. The Defense Department has pledged to renegotiate its 50-year contracts with private real estate firms.

Congress has been quick to take its own measures. Earlier legislation proposed by senators Dianne Feinstein and Kamala Harris of California, along with Mark Warner and Tim Kaine of Virginia, would compel base commanders to withhold rent payments and incentive fees from the private ventures if they allow home hazards to persist.

(Editing by Ronnie Greene)

Source: OANN

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FILE PHOTO: Offices of Deloitte are seen in London
FILE PHOTO: Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo

April 26, 2019

By Noor Zainab Hussain and Tanishaa Nadkar

(Reuters) – Deloitte quit as Ferrexpo’s auditor on Friday, knocking its shares by more than 20 percent, days after saying it was unable to conclude whether the iron ore miner’s CEO controlled a charity being investigated over its use of company donations.

Blooming Land, which coordinates Ferrexpo’s Corporate Social Responsibility (CSR) program, came under scrutiny after auditors found holes in the charity’s statements.

Ferrexpo on Tuesday said findings of an ongoing independent investigation launched in February indicated some Blooming Land funds could have been “misappropriated”. It did not provide any details or publish its findings.

Shares in Ferrexpo, the third largest exporter of pellets to the global steel industry, were 23.4 percent lower at 206.1 pence at 1022 GMT following news of Deloitte’s resignation.

“Ferrexpo’s shares are deeply discounted vs peers … following the resignation of Deloitte, we expect downside risks to dominate Ferrexpo’s shares near term.” JP Morgan analyst Dominic O’Kane said in a note on Friday.

Swiss-headquartered Ferrexpo did not provide a reason for the resignation of Deloitte, which declined to comment, while Blooming Land did not respond to a request for comment.

Funding for Blooming Land’s CSR activities is provided by one of Ferrexpo’s units in Ukraine and Khimreaktiv LLC, an entity ultimately controlled by Ferrexpo’s CEO and majority owner Kostyantin Zhevago, Ferrexpo said on Tuesday.

Ferrexpo’s board has found that Zhevago did not have significant influence or control over the charity, but Deloitte said it was unable reach a conclusion on this.

Reuters was not immediately able to contact Zhevago.

In a qualified opinion, a statement addressing an incomplete audit, Deloitte said it had been unable to conclude whether $33.5 million of CSR donations to Blooming Land between 2017 and 2018 was used for “legitimate business payments for charitable purposes”.

Deloitte said on Tuesday that total CSR payments made to Blooming Land by Ferrexpo since 2013 total about $110 million.

Ferrexpo, whose major mines are in Ukraine, has said that the investigation was ongoing and new evidence pointed to potential discrepancies.

Zhevago, 45, who ranked 1,511 on Forbes magazine’s list of billionaires for 2019 with a net worth of $1.4 billion, owns the FC Vorskla soccer club and has been a member of Ukraine’s parliament since 1998.

(Reporting by Noor Zainab Hussain and Tanishaa Nadkar in Bengaluru and additional reporting by Pavel Polityuk in Kiev; editing by Gopakumar Warrier, Bernard Orr)

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Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba
Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba, Mozambique April 26, 2019 in this still image obtained from social media. SolidarMed via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES

April 26, 2019

By Emma Rumney and Stephen Eisenhammer

JOHANNESBURG/LUANDA (Reuters) – Cyclone Kenneth killed at least one person and left a trail of destruction in northern Mozambique, destroying houses, ripping up trees and knocking out power, authorities said on Friday.

The cyclone brought storm surges and wind gusts of up to 280 km per hour (174 mph) when it made landfall on Thursday evening, after killing three people in the island nation of Comoros.

It was the most powerful storm on record to hit Mozambique’s northern coast and came just six weeks after Cyclone Idai battered the impoverished nation, causing devastating floods and killing more than 1,000 people across a swathe of southern Africa.

The World Food Programme warned that Kenneth could dump as much as 600 millimeters of rain on the region over the next 10 days – twice that brought by Cyclone Idai.

One woman in the port town of Pemba died after being hit by a falling tree, the Emergency Operations Committee for Cabo Delgado (COE) said in a statement, while another person was injured.

In rural areas outside Pemba, many homes are made of mud. In the main town on the island of Ibo, 90 percent of the houses were destroyed, officials said. Around 15,000 people were out in the open or in “overcrowded” shelters and there was a need for tents, food and water, they said.

There were also reports of a large number of homes and some infrastructure destroyed in Macomia district, a mainland district adjacent to Ibo.

A local group, the Friends of Pemba Association, had earlier reported that they could not reach people in Muidumbe, a district further inland.

Mark Lowcock, United Nations under-secretary-general for humanitarian affairs, warned the storm could require another major humanitarian operation in Mozambique.

“Cyclone Kenneth marks the first time two cyclones have made landfall in Mozambique during the same season, further stressing the government’s limited resources,” he said in a statement.

FLOOD WARNINGS

Shaquila Alberto, owner of the beach-front Messano Flower Lodge in Macomia, said there were many fallen trees there, and in rural areas people’s homes had been damaged. Some areas of nearby Pemba had no power.

“Even my workers, they said the roof and all the things fell down,” she said by phone.

Further south, in Pemba, Elton Ernesto, a receptionist at Raphael’s Hotel, said there were fallen trees but not too much damage. The hotel had power and water, he said, while phones rang in the background. “The rain has stopped,” he added.

However Michael Charles, an official for the International Federation of the Red Cross and Red Crescent Societies (IFRC), said heavy rains over the next few days were likely to bring a “second wave of destruction” in the form of flooding.

“The houses are not all solid, and the topography is very sandy,” Charles said.

In the days after Cyclone Idai, heavy inland rains prompted rivers to burst their banks, submerging entire villages, cutting areas off from aid and ruining crops. There were concerns the same could happen again in northern Mozambique.

Before Kenneth hit, the government and aid workers moved around 30,000 people to safer buildings such as schools, however authorities said that around 680,000 people were in the path of the storm.

(Reporting by Emma Rumney and Stephen Eisenhammer; Writing by Emma Rumney; Editing by Janet Lawrence and Alexandra Zavis)

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A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai
FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

April 26, 2019

By Manoj Kumar and Nidhi Verma

NEW DELHI (Reuters) – Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned.

But compounding the future pain, state-run fuel suppliers and retailers have held off passing on to consumers the higher prices during a staggered general election, which began on April 11 and ends on May 23, according to sources familiar with the situation.

That delay is expected to be unwound once the election is over. And there could be additional price increases to make up for losses or profits missed during the period of delayed increases, the sources said.

In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.

That was what was supposed to happen in India but the election means there have been many days when pump prices have been unchanged.

In New Delhi, for example, while crude oil prices have gone up by nearly $9 a barrel, or about 12 percent, in the past six weeks, gasoline prices have only risen by 0.47 rupees a liter, or 0.6 percent.

State-controlled fuel suppliers and retailers declined to say why they had delayed price increases, or discuss whether there has been any pressure from the government of Prime Minister Narendra Modi.

A government spokesman declined to comment.

The opposition Congress party said Modi’s government was violating its own policy of daily price revision by advising the state oil companies to hold prices steady.

“The government should cut fuel taxes otherwise consumers will have to pay much higher oil prices once the elections are over,” said Akhilesh Pratap Singh, a senior leader of the Congress party.

(GRAPHIC: India Polls: Fuel price hike lags crude surge – https://tmsnrt.rs/2XLlxik)

Nitin Goyal, treasurer at the All India Petroleum Dealers Association, representing fuel stations in 25 states, said prices were similarly held down for 19 days in the southern state of Karnataka last year, when it held state assembly elections.

Only for them to surge after the vote.

“Consumers should be ready for a rude shock of a massive jump in retail prices, similar to the level we have seen in the Karnataka state election,” Goyal said.

‘CREDIT NEGATIVE’

Sri Paravaikkarasu, director for Asia oil at Singapore-based consultancy FGE, said retail prices of gasoline and gasoil prices would have been up to 6 percent, or about 4 rupee, higher if they had been allowed to rise in line with global prices.

“Indian pump prices have failed to keep up with the recent uptrend in crude prices,” Paravaikkarasu said.

“With the country’s general elections underway, the incumbent government has been keeping pump prices relatively unchanged.”

India had switched to a daily price revision in June 2017 from a revision every two weeks, as the government allowed retailers to set prices.

But the government faced protests last October when retailers raised prices by up to 10 rupees a liter after the crude oil price went above $80 a barrel, forcing it to cut fuel taxes.

Global prices rose to their highest level in 2019 on Thursday, days after the United States announced all Iran sanction waivers would end by May, pressuring importers including India to stop buying Tehran’s oil. [O/R]

Higher oil prices will mean Asia’s third largest economy is likely to see growth of less than 7 percent rate this fiscal year, economists said. Growth slowed to 6.6 percent in the October-December quarter, the slowest in five quarters.

Rating agency CARE has warned that a 10 percent rise in global oil prices could increase demand for dollars, putting pressure on the rupee and widening the current account deficit.

India’s oil import bill rose by nearly one-third in the fiscal year ending March 31 to $140.5 billion, against $108 billion the previous year.

“The increase in international oil prices is a credit negative for the Indian economy,” ICRA, the Indian arm of the Fitch rating agency, said in a note.

“Every $10/ bbl increase in crude oil prices increases the fiscal deficit by about 0.1 percent of GDP.”

Any big price rise would also build a case for the central bank to keep rates steady, or even raise them.

The Reserve Bank of India’s Monetary Policy Committee, which cut the benchmark policy repo rate by 25 basis points this month, warned that rising oil and food prices could push up inflation.

Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move the rupee down by 3-4 percent on an annual basis.

The rupee has depreciated by 1.24 percent against the dollar since a year high in mid-March.

($1 = 70.1800 Indian rupees)

(Reporting by Manoj Kumar and Nidhi Verma; Editing by Martin Howell and Rob Birsel)

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