RBI flags inflation risks from West Asia conflict and El Nino
The Reserve Bank of India has flagged rising inflation risks. It cites the West Asia conflict and El Nino, even though the Indian economy remains resilient.
ContextThe Reserve Bank of India is the country's central bank, and it sets interest rates to keep inflation in check. West Asia conflict refers to fighting in the Middle East region, which can push up oil prices, while El Nino is a weather pattern that can affect monsoon rains and food prices.
Read at The Economic Times
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