RBI Votes For Status Quo On Rates, Says Focus On Revival | Read

PUBLISHED ON: October 9, 2020 | Duration: 28 min, 09 sec

  
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Reserve Bank of India Governor Shaktikanta Das-led Monetary Policy Committee decided to hold key policy rates unchanged at existing levels on Friday amid high inflation. Three new external members in the panel voted in today's decision. The RBI Governor said the MPC voted unanimously to retain rates at existing levels. The RBI has already reiterated its commitment to stay "accommodative" for as long as necessary to revive an already-slowing economy, now battling the fallout from the coronavirus pandemic.
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