It is too early to say that recession is coming in US: RBI

Mumbai: The latest unemployment figures in the US should not be considered an indication that a recession is looming there. Reserve Bank Governor Shaktikanta Das said that it is too early to say anything about a recession in the US. However, we will keep an eye on any situation.

India has improved its immunity to external shocks. India is now more resilient than before, Das said while speaking to reporters at the end of the Monetary Policy Committee (MPC) meeting.

We have to wait for the data and take a decision based on the situation. The governor said that any decision of the Federal Reserve does not affect the decision-making process of the Reserve Bank.

Last week, US unemployment figures came in higher than expected, leading to a slump in stock markets around the world.