Unseasonal heavy rains in August slowed down economy in quarter 2: RBI

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RBI notes a temporary slowdown in India's economy due to heavy rains and 'pitru paksha'. However, it remains optimistic about a recovery driven by festival season consumption and increased private investment. Rural demand is anticipated to rise with an optimistic agricultural outlook, while India's external sector shows resilience despite geopolitical issues.

from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/F5rm1Rd

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