New Delhi, June 25 -- All high-frequency indicators point towards resilient economic activity in India across the industrial and services sectors, even as global economy is in a state of flux, reeling from the twin shocks of trade policy uncertainties and a spike in geo-political tensions, RBI said in its monthly bulletin.

The central bank report highlighted the benign domestic price situation, with headline inflation staying below the tolerance level (4 per cent) for the fourth consecutive month in May.

In its State of the Economy segment, the RBI said financial conditions remained conducive to facilitate an efficient transmission of rate cuts to the credit market.

The RBI recently reduced the repo rate by 50 basis points to boost eco...