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India needs crude oil at $75-80 to manage import bills: Analyst

in5points
  1. Analyst Kunal Saraogi states India needs crude oil at $75-80 per barrel to manage import bills and currency pressure.

  2. Saraogi warns that $100 oil would be a major shock for India's economy.

  3. High oil prices and West Asia tensions are causing market volatility, but FIIs are returning to the market.

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Rajeev Chandrasekhar

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