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US tariff hike may reduce India’s exports & domestic demand: RBI
Concerned over the impact of the US tariff hikes on India, the central bank, in its latest monthly bulletin, said higher tariffs may reduce exports and slow down domestic demand, affecting net external demand and overall growth. As prices of energy and metals have fallen sharply, while gold prices have been highly volatile, it has added uncertainty to India’s inflation outlook, it noted.
Concerned over the impact of the US tariff hikes on India, the central bank, in its latest monthly bulletin, said higher tariffs may reduce exports and slow down domestic demand, affecting net external demand and overall growth.
As prices of energy and metals have fallen sharply, while gold prices have been highly volatile, it has added uncertainty to India’s inflation outlook, it noted.
