Synopsis While the central bank did not change its repo rate, it did make certain changes to its forecasts, announced more relief measures for hard-hit citizens and businesses and provided hope for the future beyond the second wave. Related Hotel stocks soar up to 20% on RBI’s liquidity support Rate-sensitive stocks mixed after RBI monetary policy announcement Money Policy: How economists decoded the vibes & intent of RBI announcements MUMBAI: The Reserve Bank of India's Monetary Policy Committee on Friday expressed its determination to fight the impact of a devastating second wave of Covid by promising to keep its stance on monetary policy accommodative for as long as it took to bring the economy back on its feet on a durable basis. RBI Governor Shaktikanta Das was in a determined mood as he laid out the outcome of the three-day MPC meeting to the public through a virtual address. The governor called for resilience and sturdiness as the country recovers from one of its darkest hours in post-Independence history. While the central bank did not change its repo rate , it did make certain changes to its forecasts, announced more relief measures for hard-hit citizens and businesses and provided hope… Read full this story
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