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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Crude oil

Market basics

The commodity India imports the large majority of and pays for in dollars, making its price an input into inflation, the trade deficit and the rupee at once.

In plain terms

The loop is the point: a spike widens the deficit, which weakens the rupee, which makes the same oil dearer in rupee terms. It hurts paints, tyres, airlines and logistics, and helps upstream producers.

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Indian stock market glossary · Market Vidyalaya