Because of the spike in crude prices, India's petrol and diesel prices have reached all-time highs.
While RBI has to maintain the recovery in the economy, inflation itself could dampen demand and impact the growth process.
Experts have also pointed out the inflationary effects of higher power cost in China and Europe
The current global supply-demand deficit is larger than expected and global supply remaining short of our consensus forecasts, says Goldman Sachs
Experts see demand for domestic fuel soaring to record levels on the back of revenge spend on business and leisure travel
Global energy markets are undergoing major shifts on the supply side as the energy transition accelerates.
According to estimates, India imports over 80% of its oil needs and more than 50% of its gas requirement
Some global oil majors or Middle East producers may be teaming up with investment funds already in the race
Trend in global stock markets, progress of monsoon, the movement of rupee against the dollar and crude oil prices will dictate the trend on the bourse
Gold prices have witnessed a bounce back from the lows of $1,750 to $1,830 per troy ounce now in the international market