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of <h1>Indian Crude Oil Price Drops to $108.50 Per Barrel as Rupee Appreciates Slightly Against Dollar.</h1> The international crude oil price for the Indian Basket decreased to $108.50 per barrel on October 22, 2012, from $110.62 on October 19, 2012. In rupee terms, the price also fell to Rs 5823.20 per barrel from Rs 5942.51. This decline was due to a drop in crude oil prices in dollar terms and a slight appreciation of the rupee, with the exchange rate improving to Rs 53.67 per US dollar from Rs 53.72.
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