NEW DELHI: Persisting uncertainties related to the US trade policies pose downside risk to the overall demand in the Indian economy while the inflation outlook for the near term has become more benign than anticipated earlier, RBI said in its latest bulletin on Thursday.

In the August bulletin, the Reserve Bank of India (RBI) also said that India’s sovereign rating upgrade by S&P bodes well for capital inflows and sovereign yields, going forward.

The US has imposed a steep 50 per cent tariff on Indian goods.

Source: PTI News

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