Govt says volatile crude oil prices pose concerns for the economy
Volatility in the prices of crude oil, edible oils and metal products pose concerns for India's economy, though inflation is expected to ease in coming months, a government report said on Monday
 "Crude oil prices, Brent Crude, Crude oil production")
(Photo: Bloomberg)
NEW DELHI (Reuters) - Volatility in the prices of crude oil, edible oils and metal products pose concerns for India's economy, though inflation is expected to ease in coming months, a government report said on Monday.
"India is well-placed on the path to swift recovery with growth impulses visibly transmitted to all sectors of the economy," a report released by the finance ministry said.
The Reserve Bank of India's monetary policy committee left policy interest rates unchanged on Friday, lowering its retail inflation projections to 5.3% from 5.7% for the current fiscal year ending in March 2022, while warning about the risk of higher fuel prices.
(Reporting by Manoj Kumar and Aftab Ahmed; Editing by Kim Coghill)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Oct 11 2021 | 12:16 PM IST