No substantial impact of crude surge on inflation: Finance minister Nirmala Sitharaman – The Times of India

No substantial impact of crude surge on inflation: Finance minister Nirmala Sitharaman – The Times of India

NEW DELHI: Finance minister Nirmala Sitharaman on Monday said that the increase in oil prices is unlikely to result in a significant acceleration in inflation. “Given that India’s inflation is near the lower bound, the impact on inflation is not estimated to be substantial at this point,” the minister said in response to a question…

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