High oil prices worrying: RBI

Reserve Bank of India (RBI) today said high oil prices was a worrying factor against the backdrop of a sluggish world economy.

"High oil prices is a source of concern," deputy governor of RBI Subir Gokarn said.

He told reporters after the bank's central board meeting here that it would pose a challenge and make inflation management more difficult.

The Euro zone crisis was also a source of persistent worry, Gokarn said.