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RBI flags West Asia risks, urges vigil on oil, trade
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RBI flags West Asia risks, urges vigil on oil, trade
Mumbai: India needs to closely monitor the evolving situation in West Asia and take proactive measures to limit the impact of spillovers, as the country is dependent on crude oil imports, the Reserve Bank’s bulletin said on Monday. The March bulletin, however, noted that India’s foreign exchange reserves remain adequate to provide a cushion against external shocks, and the creation of an Economic Stabilisation Fund would further provide fiscal h…
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