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RBI Governor Shaktikanta Das bats for reviving consumption
Reserve Bank of India Governor Shaktikanta Das
Highlights
RBI Governor Shaktikanta Das underlined the need for moving full throttle to ease financing conditions for reviving consumption and revitalizing investment once the coronavirus-induced lockdown is lifted, as per the minutes of the MPC meeting released by the central bank on Friday
Mumbai: RBI Governor Shaktikanta Das underlined the need for moving full throttle to ease financing conditions for reviving consumption and revitalizing investment once the coronavirus-induced lockdown is lifted, as per the minutes of the MPC meeting released by the central bank on Friday.
The twenty-third meeting of the Monetary Policy Committee (MPC) was originally scheduled from June 3 to 5, 2020, but was advanced to May 20-22 in view of the ongoing Covid-19 pandemic.
Following the meeting of the key rate-setting body, the RBI reduced the key policy rate by 40 basis points, bringing it down to a historic low of 4 per cent.
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