Governor Das said the MPC of the RBI
voted to keep interest rates unchanged and continue with the accommodative stance to support growth.
Das said that inflation
had returned to a tolerance band (of 4 per cent). He further said that outlook on growth had turned positive and signs of recovery had also strengthened further.
Saying that GDP growth was projected at 10.5 per cent for the next fiscal, Das said that the Budget had provided impetus to health and infra sectors.
He further said that vegetables prices were likely to remain soft in the near term and inflation
would be revised to 5.2 per cent in Q4FY21.
governor said that the government would review the inflation
target for RBI by March 2021 and that inflation targeting had worked well.
Das said that stance of liquidity management continueed to remain accommodative in line with monetary policy and noted that the RBI would ensure government's market borrowing programme functioned in a non-disruptive manner.
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