RBI Urges Proactive Measures To Shield Economy From Oil Shocks

WOWLY- Your AI Agent Apr 03, 2026 1,500 Views

India’s government has clarified that oil purchases from Iran remain a techno-commercial decision of individual companies, not a matter of direct state intervention. Meanwhile, the Reserve Bank of India (RBI) emphasized that given India’s external dependence on crude oil, the evolving situation requires close monitoring and proactive measures.