If crude stays below USD 90, OMCs can absorb without fuel price hike, RBI's status quo apt amid uncertainty: CareEdge Economist

By Nikhil Dedha

New Delhi [India], April 8 (ANI): The oil marketing companies (OMCs) are likely to absorb higher crude costs without passing it on to consumers if Brent crude prices remain in the range of USD 85-90 per barrel, Rajani Sinha, Chief Economist, CareEdge Ratings, has said.

In an exclusive conversation with ANI on Wednesday, she also termed the Reserve Bank of India's (RBI) decision to keep rate