23.06.2015 - Do not see oil prices going beyond $80-85: CEA Arvind Subramanian
Chief Economic Advisor Arvind Subramanian today said he does not see oil prices going beyond 80 to 85 dollars, a price which will help India manage its macro economy reasonably. "... yes oil prices could go up, but given the fundamental changes (in the market), the likelihood of it (oil price) going up to anywhere beyond 80 or 85 dollars I (think) relatively (should be) ignored and as long as oil prices stay, don't go beyond that I think we can manage our macro economy reasonably," he said...............................................Full Article: Source
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