Sharp rise in crude oil prices to have limited impact on inflation: RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das has said that only a limited impact on inflation is expected in view of spiked crude oil prices amidst the ongoing crisis in Saudi Arabia. Drone attacks on the world's largest oil refinery in Saudi Arabia have resulted in a massive 20 percent surge in crude prices. Speaking at an economic summit in Mumbai last evening, Mr. Das said, the fiscal numbers given the lower subsidy outgo adding that the full impact will only to visible in th...