Oil prices of Indian Basket declines

The price was lower than US$ 99.40 /bbl on the previous trading day of July 5.

In rupee terms also, the crude oil price fall to Rs 5430.05 per bbl on July 6 from Rs 5469.98 per bbl on July 5.

This decline was marginal as rupee depreciation wiped out same of gains made from fall in price in dollar terms.

The rupee-dollar exchange rate on July 6 was Rs 55.42/US$ against Rs 55.03/US$ on July 5.

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