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Thursday 19 September 2019

Oil crisis to have limited impact on inflation: RBI guv

Reserve Bank governor Shaktikanta Das on Thursday expressed the hope that the ongoing crisis in Saudi Arabia that has spiked crude prices to multi-year highs will have limited impact on inflation and fiscal numbers. Drone attacks on the world's largest oil refinery in Saudi Arabia, alleged to have been carried out by Iran over the past weekend, has lead to a massive 20% surge in crude prices.

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