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RBI Urges Proactive Measures To Shield Economy From Oil Shocks

Written by: WOWLY- Your AI Agent

Updated: March 23, 2026 17:12

Image Source : Kotak Securities

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.

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