RBI flags rising fuel-price pressures amid West Asia war, says crude is easing as Hormuz fears recede
- Posted on June 22, 2026
- By Business News Today
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- 1 min read
RBI flags rising fuel-price pressures amid West Asia war, says crude is easing as Hormuz fears recede
The Reserve Bank of India has highlighted rising fuel prices and a dip in consumer confidence due to West Asian conflict, despite a recent drop in crude oil costs. While inflation edged up in May, driven by broad-based price increases, the Indian economy remains resilient with sustained activity. However, manufacturing firms are experiencing higher input costs, impacting production.
