The board also deliberated on the current economic situation and the evolving challenges posed by the pandemic.
Among others, it also discussed the RBI's activities during the period (July 2019-June 2020), the Budget for the next accounting year July 2020 to March 2021 (aligned with the government's financial year), other policy and operational matters.
The RBI had taken a host of steps, including reduction in the key policy rate and measures to support the industry, to deal with the impact of the outbreak of COVID pandemic.
Deputy governors B P Kanungo, Mahesh Kumar Jain and Michael Debabrata Patra and other directors of the central board, and secretaries in the Union finance ministry also attended the meeting.
It was the 583rd meeting of the central board of the RBI.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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