PM Modi urges nation to limit use of forex amid Middle-East tensions | What experts say

The supply of crude oil and gas has been affected across the globe ever since the conflict over Strait of Hormuz started between the US and Iran.

New Delhi: Amid the Middle-East crisis, Prime Minister Narendra Modi on Sunday urged the people of the country to stop buying gold and also limit the use of petrol and diesel amid the global crisis over the Middle East tensions. The supply of crude oil and gas has been affected across the globe ever since the conflict over Strait of Hormuz started between the US and Iran.

Here’s what experts said on PM Modi’s appeal

Reacting to PM Modi’s statement, Professor Arpita Mukherjee, Indian Council for Research on International Economic Relations (ICRIER) Delhi, said, “India is among the largest markets for gold jewellery and gold is........

© News9Live