Stock Market

View: RBI cherry-picks data to predict V-shaped recovery

RBI had earlier sounded a note of circumspection about a market surging on a tsunami of foreign funds, a tide that could reverse direction as swiftly as it swept in and leave investors high and dry.

Synopsis

RBI’s rose-tinted outlook is based on the V-for-Victory-shaped graph depicting the skyrocketing ascent of the economy, after its equally precipitous fall following the outbreak of the pandemic.

The dismal science is generally deemed far removed from the rhapsodic realm of literature. But in its latest bulletin on the state of the economy, the Reserve Bank of India (RBI) was moved to wax lyrical by citing a Shakespearean quote from Richard III about our winter of discontent being turned into glorious summer.RBI’s rose-tinted outlook is based on the V-for-Victory-shaped graph depicting the skyrocketing ascent of the economy, after its

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