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Worries Of Crude Shock To Inflation

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September 4: UBS Senior Economist Edward Teather says since India is a net importer of oil, Syria tensions along with the weak rupee is expected to swell its fuel import price and raise inflation. “The price signal is currently muffled by government subsidies,” he says, adding that it would be a good move to pass the price signal on to consumers, so they can help deal with it.