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<h1>Indian Basket Crude Oil Price Drops to $55.60 per Barrel on July 21, 2015; Rupee Weakens Slightly.</h1> The global crude oil price for the Indian Basket was reported at $55.60 per barrel on July 21, 2015, showing a slight decrease from $55.92 per barrel on July 20, 2015, according to the Petroleum Planning and Analysis Cell. In rupee terms, the price fell to Rs. 3,538.94 per barrel from Rs. 3,553.72 per barrel. The exchange rate weakened, with the rupee closing at Rs. 63.65 per US dollar on July 21, compared to Rs. 63.55 on the previous day.
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