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Oil price and inflation

Created by : Gaurav Chhabra, Sr. Associate, HDFC Bank  | 10 16 2008 17:43:32 +0000
Industry : Equity Research/AnalyticsFunctional Area : India(Markets)
Keywords : FOREX Market Inflation Oil Oil Price
Activity:  234 views;  last activity : 07 06 2010 20:18:09 +0000
Do you think that prices for oil was the reason of inflation?
  
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In my opinion oil was the cause of the inflation. It really takes time for the market to slow down when reached to such a height.
By Vikas Kumar, Sr. Associate,bulls Research  | 10 16 2008 17:46:11 +0000
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Yes, I agree to what my friend said that it takes time for the market to slow down but if you see the commodity market the price drop in oil is approximately $40 a barrel and the inflation has reduced to 11.44% but still it remains a all time height. That simply tells that there are other factors also which had influenced height in inflation.
By Pravin Patil, Associate, Kotak Mahindra  | 10 16 2008 17:49:42 +0000
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I don't think that only oil was the reason for inflation in the market because now the price of oil has been reduced to $90 a barrel and the result are not great for the market.
By Gaurav Chhabra, Sr. Associate, HDFC Bank  | 10 16 2008 17:43:32 +0000
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