• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

US Tariff Hike Won’t Have Major Impact On India’s Economy: RBI Governor

OMMCOM NEWS by OMMCOM NEWS
August 6, 2025
in Business

Mumbai: Reserve Bank of India Governor Sanjay Malhotra said on Wednesday that the US tariff hike will not have any major impact on the Indian economy unless there is a retaliatory tariff.

Speaking at a press conference after the monetary policy announcement, the RBI Governor said, “There might not be a major impact of the ongoing uncertainty over the US tariffs on India’s economy. This is subject to retaliatory tariffs coming into the picture, which we do not foresee.”

“We are hopeful that we will have an amicable solution,” he said when asked to comment on rising trade tensions between India and the US.

Malhotra also pointed out that the RBI had already scaled down its GDP growth forecast to 6.5 per cent from 6.7 per cent to factor in some of the global uncertainties.

He further stated that the RBI is confident that its foreign exchange reserves are enough to finance 11 months of imports. “We are confident of meeting our needs from the external sector,” he remarked.

On the possible impact of domestic inflation if India reduces its purchases of Russian oil, Malhotra said it was important to keep in mind that India bought oil from many countries, not just Russia.

“Let’s keep two things in mind: it’s not only Russian oil that we are taking. We are taking oil from many other countries. If the mix changes, what is its impact on prices? What are the global commodity prices of crude? It will depend on all that. And the other thing it will depend on is how much of its impact, downwards or upwards, is taken by the government in the form of excise duties and other tariffs. So, we don’t see any major impact, as of now, because of this on inflation because I think the government will take an appropriate decision on the fiscal side in case there is any price shock,” he added.

RBI Deputy Governor Poonam Gupta said, “The impact on inflation is likely to be very limited. Nearly half of our inflation basket consists of food, which does not get impacted directly by global developments.”

(IANS)

Tags: RBI GovernorUS Tariff Hike
ShareTweetSendSharePinShareSend
Previous Post

Suspension Of 4 Election Officers In Bengal A Warning To Others By ECI

Next Post

PM Modi Meets Uttarakhand MPs, Instructs Them To Stay In Contact With People In Rain-Affected Areas

Related Posts

Trump
Business

Trump’s ‘Dead Economy’ Jibe Falls Flat As India’s GDP Growth Surges To 7.8 Pc

August 29, 2025
Lucknow
Business

Adani Airports Plans Big Upgrade For Lucknow International Airport, To Spend Rs 10,000 Crore

August 29, 2025
Energy Efficiency Index
Business

Maharashtra Ranks First In State Energy Efficiency Index 2024

August 29, 2025
Centre
Business

Centre Transfers Over Rs 4.28 Lakh Crore As Tax Revenue To States

August 29, 2025
Piyush Goyal
Business

India, Africa Must Double Bilateral Trade By 2030: Piyush Goyal

August 29, 2025
GDP
Business

India’s GDP Growth Accelerates To 7.8 Pc In April-June Quarter

August 29, 2025
Next Post

PM Modi Meets Uttarakhand MPs, Instructs Them To Stay In Contact With People In Rain-Affected Areas

Siraj, Prasidh Gain Career-Best Test Rankings After Win At The Oval

Uttarakhand Cloudburst: CM Dhami Meets Affected Families, Assures All Possible Assistance 

khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.