Nov 21: The crude oil market is simmering, while the Indian rupee is beginning to weaken. This is a potent combination, raising inflation expectations. Crude is a universal intermediate that fuels economic growth and India’s substantial dependence on import is well known.
8A weaker rupee makes imported commodities especially crude oil more expensive.
8In addition, harvest of Kharif crops is below expectation while concerns over upcoming Rabi are emerging. 
8The combination of the ‘3 Cs’ – Crude, Currency and Crops – has the potential to spoil the benign inflation situation we have had so far. Monetary policy will be influenced by the emerging scenario.
8If you want to attend a talk where all of this is discussed, please feel free to walk in. 
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