Indian crude oil basket rises to $128.70, inflation concerns grow
pre-market1 source ↓written by the desknot a recommendation
- per barrel
- $128.70
- in August
- 4.8%
- in October due
- 25 bps rate hike
The Indian crude oil basket reached $128.70 per barrel, the highest since April 2026, raising concerns over inflation, which hit 4.8% in August. Market analysts warn of potential impacts on equities as RBI may consider a 25 bps rate hike in October due to rising oil prices and geopolitical tensions affecting supply.
• Crude oil prices nearly double since July
• Retail inflation at an eight-month high
• Potential RBI policy shifts due to rising costs
Not investment advice. For informational purposes only.