USD 106 per barrel is how much the crude prices could slip to but it will not ease the process of importing crude too much to a country like India. It will be pretty much unchanged. In an interview to CNBC-TV18, PP Upadhya, MD of MRPL spoke about whether the crude prices will impact them or not.
The company lost around Rs 517 crore as forex, out of which Rs 194 crore is on the settle account and Rs 309 crore is outstanding payment that is if the exchange rate comes down