With crude oil price touching 7-month high of 50 dollars a barrel, Finance Minister Arun Jaitley has said India can handle the current level but higher rates will impact the economy and lead to inflationary pressure.Jaitley, who was in Japan on a six-day visit, told PTI that the government will have to deal with the situation if there is any undue increase in prices .India, which depends on imports to meet 80 per cent of its oil needs, will have to spend 9,126 crore rupees more for every dollar per barrel increase in crude oil prices while also seeing surge in inflation.