‘Hormuz Disruptions Could Hit Growth’: RBI Governor Malhotra Flags Oil, Inflation Risks After MPC
RBI Governor Sanjay Malhotra has warned that disruptions in the Strait of Hormuz could impact India’s economic growth, citing risks from rising crude oil prices and global uncertainty. The RBI kept the repo rate unchanged at 5.25% while flagging inflation and external vulnerabilities amid West Asia tensions.