Mumbai, Aug. 6 -- Reserve Bank of India (RBI), noted in its latest Monetary Policy Statement that the global environment continues to be challenging. Although financial market volatility and geopolitical uncertainties have abated somewhat from their peaks in recent months, trade negotiation challenges continue to linger. Global growth, though revised upwards by the IMF, remains muted. The pace of disinflation is slowing down, with some advanced economies even witnessing an uptick in inflation.
Published by HT Digital Content Services with permission from Capital Market....