Possibility Of Currency Wars Risk To India's Growth: RBI Governor thenewsminute.com

The Reserve Bank of India on Wednesday said that the possibility of global protectionist measures culminating into currency wars can hamper India's growth prospects.

"We already had a few months of turbulence behind us and it looks like that this is likely to continue for how long I don't know. But the trade skirmishes evolved into tariff wars and now we are possibly at the beginning of currency wars," RBI Governor Urjit Patel said at a press conference after a meeting of its monetary policy committee.