Indias oil price rise is because India is Dealing in Dollers which is constantly depriciating. Switch to Euro or other denominations Oil price hike is not much.
RE:Oil Price Rise
by CSHut on Jul 13, 2008 01:32 AM Permalink
haha! Have you checked the oil price rise in Euros? Also, india's economic strength is closely linked to USA...most of india's fancy exports like IT, pharma, and other things are to USA. If US dollar goes down against Euro, so does indian rupee goes down against Euro.
