India’s financial, external sectors continue to draw strength from resilient domestic economy: RBI bulletin

MUMBAI: (Sep 25) India’s financial and external sectors continue to draw strength from a resilient domestic economy, though escalating geopolitical tensions and weather-related uncertainties remain key downside risks, RBI Bulletin said on Friday.

The escalation of conflict in West Asia in September has led to a sharp increase in crude oil prices, reigniting concerns of further disruption in global supply chains and build-up of inflationary pressures, said the article on ‘State of the Economy’ published in the latest Bulletin.

Besides, the rise in sovereign yields in some of the major advanced economies has put pressure on government finances.