New Delhi, March 21 -- The central board of the Reserve Bank of India (RBI) has reviewed the impact of evolving geopolitical developments on financial markets, amid rising global uncertainties and volatility.

At its 622nd meeting held in Patna, chaired by RBI Governor Sanjay Malhotra, the board assessed the emerging global and domestic economic scenario, including the implications of geopolitical tensions on currency, inflation and financial stability, reported Business Standard.

The review comes against the backdrop of heightened global tensions, which have led to a surge in crude oil prices, increased demand for the US dollar, and pressure on the Indian rupee. The rupee depreciated nearly 3 percent in March and touched a record low of...