Surge in crude prices stokes fears of increase in inflation

State-run fuel retailers are likely to bear the cross for saving consumers from the impact of benchmark oil prices rising to their highest in 10 months. But at $95 a barrel, crude is bound to delay possible cuts in interest rates and test the government's management of inflation in the run-up to elections in politically important states and national polls next year.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/gAFtDbx
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