US crude on Friday plunged over 3% to $53.58 per barrel. Right on cue, global benchmark Brent, which is more pertinent for India, fell 2% to trade at $$58.75 per barrel. Low oil prices will help boost demand and reduce input cost for farmers who use diesel to run equipment. Lower subsidy liability frees up funds for social sector and infrastructure spending.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NtMq8G
