The Reserve Bank of India’s May 2024 Bulletin includes three speeches, four articles, and current statistics. The articles cover various topics: the global economy’s fragility due to stalled inflation and volatile capital flows, with optimism about India’s growth driven by rising demand and rural spending recovery. Another article examines decentralized finance, highlighting its high volatility and speculative nature, posing risks through liquidity linkages across countries. Additionally, the Bulletin discusses the RBI’s currency swaps within the Global Financial Safety Net , noting significant support provided during the COVID-19 pandemic to strengthen India’s financial cooperation.
Click here to read more.