New Delhi, July 23 -- With Brent crude hovering near USD 100 per barrel, experts have raised concerns over its impact on India's inflation, current account deficit (CAD) and foreign exchange reserves, though they believe a sustained rally above the USD 100 mark is unlikely.

According to the Reserve Bank of India's (RBI) latest bulletin, India's crude oil basket price eased sharply to USD 75.6 per barrel in July from a peak of USD 114.5 per barrel in April.

India, one of the world's largest crude oil importers, remains vulnerable to higher global crude prices as they increase the country's import bill and put pressure on the rupee and the current account deficit.

Sourav Choudhary, Managing Director, Raghunath Capital, said, "For India, ...