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Crude oil price rises in rupee terms
February 13, 2013February 13, 2013by In Oil & Gas

Crude oil price rises in rupee terms

The depreciation of rupee against the US dollar caused the price of the Indian basked of crude oil to rise in rupee terms even though its price in dollar terms remained steady. The Indian rupee depreciated to Rs 53.68 per $ recently from Rs 53.57 per $ on Feb 8. Following this, the price of the Indian basket of crude oil i