Elevated crude prices to increase imported inflation, widen CAD: Malhotra
The Hindu·2h ago·Neutral
What Happened
RBI Governor Sanjay Malhotra stated Thursday that despite West Asian geopolitical tensions and supply chain disruptions, India's economy fundamentals remain stronger than previous crises, providing greater resilience. However, elevated crude oil prices could increase imported inflation and widen the current account deficit, he warned.
Key Entities
Sanjay MalhotraReserve Bank of IndiaWest AsiaCrude oil pricesCurrent account deficit