By Reuters | MUMBAI |
Topics MPC minutes | RBI
By Swati Bhat
MUMBAI (Reuters) - A second wave of COVID-19 remains a threat to the Indian economy and the central bank believes monetary policy needs to remain accommodative despite inflationary pressures, according to the minutes of the monetary policy committee's latest meeting, released on Friday.
The Reserve Bank of India left interest rates unchanged at that meeting two weeks ago, as expected. Almost all members of the MPC said they see room for further easing, but a recent rise in price pressures would need to abate.....
This article is no longer available in our repository.
There could be multiple reasons for this.
You could try searching for this headline on the source website (bloomberg.com).