Petrol price hike

Raghuram Rajan Assures that India has Sufficient Oil Reserves to Sustain Iraq Crisis

While the whole world has its eyes on the Iraq crisis and the effect it is going to have on the supply of crude oil, RBI governor Raghuram Rajan has said that the country need not worry about the external shocks due to Iraq crisis, as India has sufficient reserves to deal with inflation and budget risk arising from hike in oil prices. Jun 23, 2014
rbi-governor-speaks-on-inflation-and-iraq-crisis

RBI Governor speaks on inflation and Iraq Crisis

New Delhi, June 17 (ANI): Governor of Reserve Bank of India Raghuram Rajan on Tuesday spoke over inflation and crisis in Iraq. Rajan said that the RBI will focus on taming inflation which has become the problem of common man. Talking about Iraq crisis Rajan said that the issue of oil resources is being watched as it is related to economy. Jun 17, 2014