Economy
RBI Chief Warns of Negative Impact from Unfinalised US Trade Deal
The Hindu1h
THE BRIEF
1
RBI Governor Sanjay Malhotra stated that failing to finalise an India-US trade deal could negatively impact the Indian economy.
2
New trade agreements and export market diversification will serve as a cushion against potential additional US tariffs.
3
Malhotra noted that the RBI's recent 25-basis-point repo rate increase will push up borrowing costs with a lag and have no immediate impact on bank credit growth.