RBI cites US trade uncertainty, domestic activity, monsoon boost, falling inflation, and rating upgrade to support inflows.

• July industrial activity remained subdued while manufacturing expanded, sustaining overall growth momentum in the economy.
• Timely monsoon progress enhanced kharif sowing, reinforcing agricultural output and supporting rural demand throughout the region.
• Financial conditions stayed congenial, aiding activity; S&P sovereign rating upgrade expected to attract capital inflows.