India's government says volatile crude oil prices pose concerns for economy
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Volatility in the prices of crude oil, edible oils and metal products pose concerns for India's economy, though inflation is expected to ease in coming months, a government report said on Monday.
"India is well-placed on the path to swift recovery with growth impulses visibly transmitted to all sectors of the economy," a report released by the finance ministry said.
The Reserve Bank of India's monetary policy committee left policy interest rates unchanged on Friday, lowering its retail inflation projections to 5.3% from 5.7% for the current fiscal year ending in March 2022, while warning about the risk of higher fuel prices.
(Reporting by Manoj Kumar and Aftab Ahmed; Editing by Kim Coghill)
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