Financial conditions likely to remain under pressure as West Asia conflict impacts economy: Crisil

Sourav ShekharNew Delhi, May 15 -- Financial conditions are likely to remain tight in the coming months, as the West Asia conflict poses considerable pressure on the economy, said Crisil Macroeconomics First Cut, released here on Friday.

India's premier credit rating agency, Crisil, said that financial conditions remained under pressure in April, with the Crisil Financial Condition Index (FCI) standing at - (negative) 1.2.

April's performance is good compared to March, when the indicator was at - (negative) 1.4.

A negative FCI value refers to one that falls outside the comfort band of standard deviation. It shows that financial conditions are significantly tighter than the long-period average.

On the other hand, a higher FCI value indic...