RBI To Reassess Growth & Inflation Outlook Amid Crude Oil Price Rise, Says Governor Malhotra

RBI Governor Sanjay Malhotra said the Monetary Policy Committee will reassess growth and inflation trends at its October meeting amid rising crude oil prices due to the West Asia crisis. He said FCNR(B) deposits worth USD 127.22 billion boosted liquidity and strengthened external sector resilience, while the RBI has tools to manage surplus liquidity.