New Delhi, July 7 -- Lower crude oil prices are giving Reserve Bank of India (RBI) and other Asian central banks more policy space to support growth, with softer energy inflation easing balance of payments (BoP) pressures, according to a report by Standard Chartered.

The global bank said falling oil prices are expected to ease inflation across much of Asia, particularly for import-dependent economies like India.

"Lower oil prices offer disinflationary relief for monetary policies, but unevenly across Asia. Regional risk assets and local-currency (LCY) bonds are supported," ANI reported, citing the report.

Standard Chartered highlighted that most Asian economies are net energy importers, meaning lower crude prices ease inflationary pres...