Oil prices a serious concern for India: Nischal Maheshwari, Head of Research, Edelweiss Securities
"ET Now: The April reading at 90 against the reading of 95 in the fourth quarter of the current financial year, would you view this as a one off or would you say that this is indicative of what the beginning of the next financial year might look like?
Nischal Maheshwari: Yes, this should be viewed as a beginning of the next financial year, but I would not be really worried because some amount of volatility is always there and one or two factors drive it down or up. Unless we will see a downward trend from 95 to 90 at least for the next two months, I would really be worried.
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