New Delhi, April 8 -- The oil marketing companies (OMCs) are likely to absorb higher crude costs without passing it on to consumers if Brent crude prices remain in the range of USD 85-90 per barrel, Rajani Sinha, Chief Economist, CareEdge Ratings, has said.

In an exclusive conversation with ANI on Wednesday, she also termed the Reserve Bank of India's (RBI) decision to keep rates unchanged as appropriate amid global uncertainty.

She stated, "As per our analysis, if crude oil prices are around USD 85-90, the OMCs can absorb. They do not need to hike their retail prices and hence they are most probably going to absorb that price increase. But yes, if crude oil prices remain high like 100-110 dollars for long definitely then we will see th...