Brief by Shorts91 Newsdesk / 02:06pm on 20 Oct 2023,Friday Business
Reserve Bank of India Governor Shaktikanta Das said the Israel-Hamas war has impacted India but the country remains economically strong. He stated India's macroeconomic fundamentals and financial sector continue to be sound amid global uncertainty. Das said India is well-placed on key parameters despite crude oil price rise concerns as a major importer. He emphasized monetary policy must stay focused on easing inflation given uncertain food and oil price outlooks. Das noted any domestic fuel price hikes would impact inflation more than global crude prices. He reiterated India's economic resilience despite geopolitical tensions impacting markets.
