India may soon feel a stronger impact of the ongoing conflict in West Asia, with rising global crude oil prices likely to affect consumers if disruptions continue, RBI Governor Sanjay Malhotra said. Addressing the 12th high-level conference on the International Monetary System, organised jointly by the International Monetary Fund and the Swiss National Bank, Malhotra said the Indian government has so far absorbed much of the pressure caused by higher international oil prices.
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