Commodities, especially with the way crude has been moving are a thorn on the side for India. Concerns persist over supply risks and Iran's nuclear program, despite the country's offer for more talks.
Tom Price, global commodity analyst, UBS Equities Research tells CNBC-TV18 the outcome of what happens over talks between Iran and developed world powers will give crude oil a sense of direction going forward. Below is an edited transcript. Watch the accompanying video for more. Q: How would you gauge the situation right now in terms of where you are seeing crude prices are headed in the short-term? Have they stabilised or do you think there is still upside risk?
A: It
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