If India cuts Russian crude under US pressure, will inflation rise? RBI guv responds

 RBI Governor Sanjay Malhotra downplayed fears of significant inflation from reduced Russian oil imports, citing diversified sources and potential government fiscal measures. His remarks come amid US tariff threats over India’s Russian oil purchases, which India has rejected. Despite geopolitical tensions, the RBI held its repo rate steady, forecasting stable growth and controlled inflation. RBI Governor Sanjay Malhotra downplayed fears of significant inflation from reduced Russian oil imports, citing diversified sources and potential government fiscal measures. His remarks come amid US tariff threats over India’s Russian oil purchases, which India has rejected. Despite geopolitical tensions, the RBI held its repo rate steady, forecasting stable growth and controlled inflation.