Crude oil price of Indian Basket falls
Posted on Mar 07 2014 | IBNS
New Delhi, Mar 7 : The international crude oil price of Indian Basket as computed/published on Friday by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas went down to USUSD 105.20 per barrel (bbl) on Mar 6.
This was lower than the price of USUSD 106.30 per bbl on previous trading day of Mar 5.
In rupee terms also, the price of Indian Basket declined to Rs 6450.86 per bbl on Mar 6 as compared to Rs 6575.72 per bbl on Mar 5.
This was due to decline in price in dollar terms and helped by the marginal rupee appreciation.
Rupee closed stronger at Rs 61.32 per USUSD on Mar 6 as against Rs 61.86 per US dollar on previous trading of Mar 5.