India central bank governor says may need to act if inflation pressures deepen

India's central bank Governor Sanjay Malhotra indicated that the Reserve Bank of India (RBI) may need to intervene if inflation pressures become entrenched due to rising oil prices from the Iran war. Speaking in Switzerland, he emphasized the importance of fiscal and monetary policy coordination and noted that the government might have to raise fuel prices if the Middle East conflict continues. The RBI is adopting a cautious, data-dependent approach to monetary policy, remaining flexible in response to ongoing economic uncertainties.