Reserve Bank of India (RBI) Governor Shaktikanta Das announced the policy decision today, at the end of the scheduled review of the Monetary Policy Committee (MPC) that began on Wednesday, August 4, as it evaluates the economy which is in a nascent stage of recovery from the deadly second wave of the COVID-19 pandemic. This is the third bi-monthly monetary policy review for the financial year 2021-22, at a time when the country stares at a looming threat of a third wave of the pandemic amid a slow pace of vaccination coverage.
