Currencies

Currencies

India Economy Shows Sequential Pickup: RBI Bulletin: Rediff Moneynews

RBI's February bulletin highlights sequential growth in India's economic activity driven by strong rural and urban demand. However, global uncertainties and a strong US dollar pose challenges.Mumbai, Feb 19 (PTI) High frequency indicators, like vehicles sales, air traffic, steel consumption and GST E-way bills, point towards a sequential pickup in momentum of economic activity during the second half of the fiscal 2024-25 and sustain moving forward, RBI Bulletin said on Wednesday.However, a strong dollar, driven by US economic resilience and trade policy pivots, could exacerbate capital outflows from emerging economies,...
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