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India's financial system stable despite weakening economic growth, says RBI

Saturday, December 28, 2019, 5:12 PM

India's financial system remains stable even after economic growth plummeted to a six-year low, the Reserve Bank of India (RBI) said on Friday. "Reviving the twin engines of consumption and investment while being vigilant about spillovers from global financial markets remains a critical challenge going forward," the central bank said in its bi-annual Financial Stability Report (FSR) released on Dec. 27.