West Asia conflict poses challenges to Indian economy via number of channels: RBI’s Malhotra in MPC minutes

The impact of the West Asia conflict on the Indian economy dominated discourses at the last Monetary Policy Committee (MPC) meeting (April 6-8) with all members expressing serious concern, minutes of the MPC meeting released on Tuesday indicated.

However, the ceasefire announced by U.S. President Donald Trump on April 7 perhaps brought temporary relief as all six members had unanimously voted for a status quo on April 8.