New Delhi, July 24 -- The Indian economy needs crude oil prices to cool down to the USD 75-80 per barrel range to manage import bills and currency pressure, according to Stock Market Analyst Kunal Saraogi.

Speaking with ANI, Saraogi pointed out that global geopolitical factors, particularly tensions in West Asia and elevated crude oil prices, served as the principal drivers behind the recent volatility in domestic equity markets.

"India is a big oil importer as you know. So the moment oil prices go to a hundred dollars, immediately our import bill has to be commensurate and more than that, there's a lot of pressure on our currency," Saraogi said.

"It's because in any case, the immediate impact on the currency is seen with the dollar in...