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India does not need the double whammy of weak rupee and high oil prices at this juncture: Vandana Hari
Vandana Hari explains the risk premiums and speculative factors driving oil prices up, emphasizing $70-75 as a comfortable range for India. It is far more comfortable for India than $80 or more. She cautions against the negative impact of a weak rupee and high oil prices on the Indian economy's growth.