Indian economy held up amidst tariff policy uncertainties: RBI Bulletin
An article on 'State of the Economy' in July Bulletin said the global macroeconomic environment remained fluid in June and July so far amidst geopolitical tensions and tariff policy uncertainties.
Mumbai, Jul 23 (PTI) India's economic activities held up during June-July amidst geopolitical tensions and tariff policy uncertainties, Reserve Bank's Bulletin said on Wednesday.
It noted that headline retail inflation remained below 4 per cent for the fifth consecutive month in June driven by deflation in food prices.
Also, system liquidity remained in surplus to facilitate a faster transmission of policy rate cuts to the credit markets.
The external sector remained resilient, backed by ample foreign exchange reserves and a moderate external debt-to-GDP ratio, it added.
The central bank, however, said the views expressed in the Bulletin article are of the authors and do not represent the views of the Reserve Bank of India. PTI NKD HVA
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
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