India’s RBI Governor Sees Fuel Price Hike If Oil Stays High


“We are being more and more data dependent. We are taking it more meeting by meeting,” said the RBI governor. The RBI is being flexible in its approach and is ready to look through the shock if it’s transitory, “but if it is entrenched, we need to take action,” Malhotra said. The central bank’s next monetary policy meeting is scheduled for June 5.



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