Shaktikanta Das-Led RBI to announce policy decision today, will there be a rate cut?

The Reserve Bank of India (RBI) will be announcing shortly their decision on monetary policy today as its top brass concludes a three-day review. Economists remain divided over whether the central bank will ease monetary policy further, by reducing despite inflation remaining way beyond its comfort zone.

When Governor Shaktikanta Das addresses the media at noon that all eyes will be also on any hints of further monetary easing in the coming months as well as any clarity on a relaxation in loan of EMIs brought in during the coronavirus lockdown.

Some said that the country’s worsening economic outlook amid increasing COVID-19 cases necessitates a further reduction in the key lending rates. Especially at a time when the central bank’s recent policies had focused on financial stability and the need to support growth despite the price target.

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Update by Bidisha Roy Choudhury

News source: NDTV