MUMBAI : Reserve Bank governor Shaktikanta Das 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 percent surge in crude prices.
The crisis has spooked domestic markets and roiled the rupee leading to fears that a prolonged supply disruption will create problems for the domestic economy as around 80% of oil demand is met through imports.
