New Delhi, Sept. 16 -- Crude oil prices remaining above USD 100 per barrel for several days could prompt the Reserve Bank of India (RBI) to take a closer look at its policy stance, as persistent inflation and elevated oil prices pose challenges for the Indian economy, said Sunil Sinha, Former Senior Economist at NCAER and Former Principal Economist and Director, Public Finance at India Ratings & Research.

In an exclusive conversation with ANI, Sinha said the current economic situation was not favourable and the RBI would have to closely assess the underlying inflationary pressures in the economy before taking a decision on interest rates.

He said if the recent rise in both consumer price inflation (CPI) and wholesale price inflation (WP...