Oil price of Indian Basket moves up

The price was higher than US$ 101.09 /bbl on the previous trading day of July 25.

In rupee terms also, the crude oil price went up to Rs 5724.80 per bbl on July 26 from Rs 5699.45 per bbl on July 25.

This was due to price increase in dollar terms though it was same what moderated by rupee appreciation with rupee-dollar exchange rate on July 26 at Rs 55.95 /US$ against Rs 56.38 /US$ on July 25.

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