Crude oil added 0.12% during Asian session

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Source: Forexpros
Crude oil advanced during Asian session on Thursday after being impacted by less than expected US oil inventory fall last week. Moreover, speculation that Saudi Arabia will manage to replace Iranian oil supplies also dampened the market sentiment. Light, sweet crude oil futures for April delivery traded at 105.56 US Dollars per barrel on the New York Mercantile Exchange, increasing by 0.12%.
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Thu, 15 Mar 2012 09:42:10 GMT

India's CPI soared on exorbitant fuel prices

The CPI of India surged more than initially estimated, growing on the high energy prices.  The wholesale price index, major gauge of the CPI in India, soared to 6.95% in February on a yearly basis. Fuel prices faced a jump worldwide on lingering supply concerns amid geopolitical tensions in the Middle-East. Analysts expect that in case the fuel prices grow

Thu, 15 Mar 2012 11:20:10 GMT

India keeps benchmark interest rate unchanged

India's central bank decided to keep its key interest rates steady for a third straight meeting after data showed inflation climbed. The Reserve Bank of India held the repurchase rate unchanged at 8.5% matching analyst expectations. India's rupee weakened 0.6% against US Dollar to INR 50.1938.

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