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Economy stabilising in Q2; recovery to be gradual: RBI Governor

RBI&nbsp;governor&nbsp;said economic indicators are pointing to some stabilisation in the second quarter and recovery is likely to be gradual

RBI bank governor Shaktikanta&nbsp;Das&nbsp;on Wednesday said that economic indicators are pointing to some stabilisation in the second quarter of the current fiscal year.
Speaking at a FICCI&nbsp;event, the RBI&nbsp;governor said that recovery is likely to be gradual as efforts towards reopening of the economy are confronted with rising infections.
Global economy estimated to have suffered the sharpest contraction in living memory in the June quarter, Das&nbsp;said adding that&nbsp;a subsequent recovery is underway in several economies such as USA, UK, Euro area and Russia.

RBI bank governor Shaktikanta&nbsp;Das&nbsp;on Wednesday said that economic indicators are pointing to some stabilisation in the second quarter of the current fiscal year.
Speaking at a FICCI&nbsp;event, the RBI&nbsp;governor said that recovery is likely to be gradual as efforts towards reopening of the economy are confronted with rising infections.
The RBI is battle ready and whatever measures are required will be taken&nbsp;to help the industry and businesses to come out of the Covid-19-induced crisis, he assured.
Global economy estimated to have suffered the sharpest contraction in living memory in the June quarter, Das&nbsp;said adding that&nbsp;a subsequent recovery is underway in several economies such as USA, UK, Euro area and Russia.

second quarter

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