'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.

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

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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.