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  India's wholesale inflation eases to four-month-low at 1.31 per cent in August as oil prices dip

  Business | September 17, 2024 14:28 IST

  The dip in India's wholesale inflation was helped by the fall of Brent crude prices to $75 a barrel from over $92 in April. India's wholesale inflation rate was recorded at 1.31 per cent in August, but the prices of food staples rose sharply in the same month.

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  Crude price slump a boon for India, says RBI

  January 14, 2015 8:57 IST

  Mumbai: The dramatic fall in global crude prices is a big boost for India as it can bring down the country's annual oil import bill by about $50 billion, RBI deputy governor Urjit Patel said

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  Oil prices drip down to $45 per barrel, lowest in six years

  January 14, 2015 12:15 IST

  New Delhi: Bringing yet more smiles on the faces of consumers, global oil prices have slid to a low of $45 a barrel on Tuesday, lowest in last six years. Although the news about crude

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  Falling oil prices good for economy and middle class: White House

  World | January 06, 2015 10:19 IST

  Washington: Observing that it is monitoring the steep drop in oil prices, the White House has said that the falling oil price is good for the American economy and the middle class."This is something that