El Niño, Crude Oil Prices Emerge as Key Inflation Risks: RBI Governor

RBI Governor Shaktikanta Das has flagged El Niño and volatile crude oil prices as inflation risks. He made this statement during a recent speech, highlighting the potential impact of these factors on India's economy.

Das mentioned that El Niño is expected to bring above-average rainfall in the country, which could lead to higher food prices. Additionally, he noted that global crude oil prices have been rising due to supply chain disruptions and geopolitical tensions.

The RBI Governor emphasized the need for policymakers to be vigilant and take proactive measures to mitigate these risks. He also stressed the importance of maintaining a robust monetary policy framework to ensure price stability.