India’s RBI Turns Upbeat as Worst of Iran War Shock Recedes

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Five months after the Iran war raised fears of an inflation spike and an economic downturn, Indian officials are sounding more confident as the worst of those concerns have so far failed to materialize. Inflation picked up slightly last month but remained within the Reserve Bank’s 2%-6% tolerance band, data Wednesday showed. Consumer demand has also held up, with vehicle sales Bloomberg Terminal at record levels , credit growth climbing to a two-year high and GST receipts Bloomberg Terminal rising at a double-digit pace.

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