Crude near recent low and its impact on India

Crude near recent low and its impact on India 1) Crude in now below 78$ 2) This is very beneficial for India and now the rates of Petrol and Diesel will not rise in India mostly 3) Hence the inflation risk is very low now 4) Also, we may not see any rate hike as well 5) So, this is beneficial for banking 6) Today banking was doing very well 7) Stock on radar - $SBIN 8) All this is for information. This is not a buy/sell recommendation. 9) We are expecting the banking to stay bullish for now.