India, Oct. 19 -- Brent crude fell about 2% on Monday as expectations of higher Russian fuel supplies and profit-taking pulled prices back from last week's rally. The article will examine whether these developments signal a lasting cooling in crude, and what softer oil could mean for the Indian rupee, inflation, import bill and equity markets. Brent Pulls Back After a Sharp Rally

Brent crude futures fell 1.9% to $107.8 a barrel on Monday, while US West Texas Intermediate (WTI) dropped 1% to $100.4. The decline follows a strong finish to last week. Brent surged to $109.86 on Friday, October 16, its highest settlement since May 19, leaving room for traders to lock in gains.

The longer-term picture is still one of expensive oil. Brent is ...