Economic Buzz: Market volatility has eased in recent period says RBI

The Reserve Bank of India (RBI) has stated today that uncertainty around the global economic outlook has ebbed somewhat since the monetary policy committee met in April in the wake of temporary tariff reprieve and optimism around trade negotiations. However, it continues to remain elevated to weaken sentiments and lower global growth prospects. Accordingly, global growth and trade projections have been revised downwards by multilateral agencies. Market volatility has eased in the recent period with equity markets staging a recovery, dollar index and crude oil softening though gold prices remain high.

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