View: RBI cherry-picks knowledge to foretell V-shaped restoration

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RBI had earlier sounded a be aware of circumspection a couple of market surging on a tsunami of international funds, a tide that might reverse path as swiftly because it swept in and depart buyers excessive and dry.

Synopsis

RBI’s rose-tinted outlook relies on the V-for-Victory-shaped graph depicting the skyrocketing ascent of the financial system, after its equally precipitous fall following the outbreak of the Covid-19 pandemic.

The dismal science is usually deemed far faraway from the rhapsodic realm of literature. However in its newest bulletin on the state of the financial system, the Reserve Financial institution of India (RBI) was moved to wax lyrical by citing a Shakespearean quote from Richard III about our winter of discontent being become superb summer time.RBI’s rose-tinted outlook relies on the V-for-Victory-shaped graph depicting the skyrocketing ascent of the financial system, after its

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