RBI Chief Sees Limited US Tariff Hit, Growth Still in Focus

The Reserve Bank of India Governor Sanjay Malhotra said US President Donald Trump's tariffs will likely have a limited impact on India, while stressing the central bank hasn't “lost sight” of its growth mandate.

“We are hopeful trade negotiations” between New Delhi and Washington will “play out,” Malhotra said at FIBAC, an annual banking event in Mumbai on Monday. The impact of tariffs on India could be “minimal,” he said.