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'Global crude price fall to help manage inflation'

Decline in global crude prices will help in managing India's inflation, finance minister Pranab Mukherjee said today.

business Updated: Aug 09, 2011 13:13 IST

Decline in global crude prices will help in managing India's inflation, finance minister Pranab Mukherjee said on Tuesday.

By 07.18 GMT Brent crude was 22 cents lower at $103.52, having briefly moved into positive territory.

It fell to as low as $98.74 earlier in the session, touching its lowest since February 8.

US crude was down 94 cents at $80.37.

India's headline inflation quickened in June to 9.44% despite 11 rate rises by the Reserve Bank of India since March 2010.

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