Navya writes and speaks about matters that often do not come out or doesn’t see daylight. Defense and economy of the country is of special interest to her and a lot of her content revolves around that.
The Reserve Bank of India (RBI) left the repo rate unchanged at the current 4 per cent on August 6, after a three-day meeting of its Monetary Policy Committee (MPC). The six member committee decided to maintain its "accommodative" stance on policy, RBI Governor Shaktikanta Das said in a virtual address to media.
The RBI Governor said the Committee expects inflation to remain at elevated levels in the July-September period, and ease in second half of the current financial year on the back of "favourable base effect".
Following are some key highlights from the monetary policy decision:
RBI allows lenders to provide a window to restructure loans of corporate, individual borrowers to ease Covid-19 impact, says Governor Das.
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