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RBI Sold Net $1.66 Billion in Spot Forex Market in April
Hindustan Times Jaipur
|June 26, 2025
The tariff war and geopolitical tensions impacted the global economy
MUMBAI: India's economy remains resilient despite a state of flux in the global economy due to the twin shocks from trade and geopolitical tensions, the Reserve Bank of India said in its monthly bulletin released on Wednesday.
The RBI cut its key policy rate by a larger-than-expected 50 basis points earlier this month and slashed the reserve ratio for banks as low inflation gave it room to focus on supporting growth amid volatile global conditions.
"In this state of elevated global uncertainty, various high-frequency indicators for May 2025 point towards resilient economic activity in India across the industrial and services sectors," the RBI said in its 'State of the Economy' article.
This story is from the June 26, 2025 edition of Hindustan Times Jaipur.
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