Economic Buzz: RBI says interim peace deal in West Asia eased concerns over energy supply disruptions

RBI noted in its latest monthly bulletin that the recent de-escalation of West Asia tensions and the interim peace deal between the US and Iran, signed in the third week of June, have provided a vital opening towards normalisation of the situation in West Asia. The broad global macroeconomic environment remained fragile. While the emerging economy equity markets faced a rise in volatility, advanced economies like the US and Europe reflected improved confidence and a fall in risk premia. The interim peace deal in West Asia eased concerns over energy supply disruptions.

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