RBI optimistic on India’s ability to withstand Iran war impacts
Central bank cites strong economic fundamentals, though warns inflation could rise
India’s central bank has said the country’s economy should be able to withstand future impacts of the Iran war, despite increasing inflation.
The Reserve Bank of India published a monthly bulletin on April 23 that said the country’s inflation had so far been “contained” and was within the central bank’s tolerance band. “Though inflation remains contained within the tolerance band, upside risks have increased, driven by supply-side disruptions, including weather-related uncertainties,” the report
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