New Delhi, March 28 -- Crude oil prices breaching the $100 per barrel threshold is the equivalent of midflight turbulence to global economy. Business as usual has to be suspended and a prolonged phase can cause serious damage. For a country like India, which is heavily dependent on oil imports, crude crossing $100 per barrel today is not the same as when it breached this threshold earlier. To be sure, this is true for all countries to some extent and nominal crude prices, even in dollar terms, follow a different trajectory compared to real dollars. HT showed this in a chart on March 10. However, for a country like India, the dynamics are vastly different because of the exchange rate dynamics at play. Crude oil is almost always paid for in d...