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of <h1>Indian Basket Crude Oil Price Drops to $107.17/Barrel Due to Rupee Appreciation and Dollar Price Fall.</h1> The international crude oil price for the Indian Basket decreased to US$ 107.17 per barrel on October 24, 2012, from US$ 108.50 per barrel on October 22, 2012. In rupee terms, the price dropped to Rs 5743.24 per barrel from Rs 5823.20 per barrel. This decline was due to a fall in crude oil prices in dollar terms and a slight appreciation of the rupee, with the exchange rate improving to Rs 53.59 per US dollar from Rs 53.67 per US dollar.
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