Former RBI Governor Raghuram Rajan advises against depleting forex reserves to defend the rupee, citing risks from high oil prices and widening current account deficits.
RBI sold $6.1B in May to defend rupee against oil-driven surge. High grain stocks and policy measures aim to cushion economic pressure from rising costs and monsoon delays.
RBI Governor Sanjay Malhotra cites Iran conflict-driven oil price hikes and weak monsoon rains as key inflation risks for India. High dependence on imported crude and rain-fed agriculture exposes the
RBI Governor Sanjay Malhotra stated the rupee may be undervalued following depreciation, noting rising fuel prices could increase manufacturer input costs and inflation.
RBI Governor Sanjay Malhotra warned that sustained high oil prices from Middle East conflicts could force India to increase retail fuel prices. While inflation remains manageable, supply shocks pose r
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