....Reserve Bank of India ( RBI) Deputy Governor K C Chakrabarty said it is unlikely that the continuing fall of crude will drive down inflation in the country as the decline is not substantial in rupee terms. When asked if falling crude will help ease inflation, Chakrabarty answered in the negative saying, " The fall in crude prices has been partly offset by depreciation of rupee. In rupee terms, oil prices have not gone down much"..........
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