Oil over $90 a barrel will add to India's inflation woes, says Nomura

Oil prices beyond $ 90 per barrel will be a double-whammy for Asian economies, says Nomura .

India depends on imports to meet 80% of its crude requirements.

Consumer price inflation index may see a rise of 25 basis points for every 10% rise in prices of the commodity.

Nomura : India , Thailand and Philippines most prone to economic weakening due to higher oil prices.