Crude prices remain critical for India as they directly affect the country`s macro parameters - Tata Mutual Fund
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MACRO:CRUDE OIL
* Oil prices declined sharply (-7.2%) over the month of November, following the rise of +8.3% in October
* Crude prices remain critical for India as they directly affect the country's macro parameters much more than the other emerging markets
* The probability of things going into a tailspin on the rupee or on the BoP is basically going to be a function of commodity prices, and more specifically crude prices because we are a net consumer of crude and various other commodities
* It is no longer about demand and supply of crude oil. It is more about what's going to happen geopolitically, how the OPEC is going to react to it, and if will they try and protect the prices
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