The international crude oil price of Indian basket increased 0.92% to USD 107.50 a barrel (bbl) on Apr. 16, 2014 as against USD 106.52 a bbl on previous trading day of Apr. 15, 2014.
In rupee terms also, the price of Indian basket increased to Rs 6,474.73 a bbl on Apr. 16, 2014 as compared to Rs 6,418.90 a bbl on Apr. 15, 2014. This was due to increase in price in dollar terms and rupee appreciation.
Rupee closed stronger at Rs 60.23 a USD on Apr. 16, 2014 as against Rs 60.26 a USD on Apr. 15, 2014.