Mumbai, Feb. 20 -- Reserve Bank of India (RBI) stated in its latest monthly update that global uncertainty continued to decline from its peak in September 2025, though it remained above normal. Geopolitical uncertainty, however, picked up in January, contributing to elevated financial markets volatility. Despite the headwinds, global economic activity remained resilient with high frequency indicators signalling some improvement in January. The pace of expansion, however, remained depressed with low levels of business optimism in most major economies. New export orders continued to contract amidst softer external demand, with broad-based decline observed across manufacturing and services exports.
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