MPC Meet Live Updates: Shaktikanta Das will announce policy statement todayReserve Bank of India (RBI) Governor Shaktikanta Das will announce 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 will be the third bi-monthly monetary policy review for the financial year 2021-22, at a time when the country stares a looming threat of a third wave of the pandemic amid slow pace of vaccination coverage.The economy witnessed a record contraction of 7.3 per cent for the previous fiscal 2020-21, recording its worst-ever performance in over four decadesThe central bankis expected to maintain the status quo on the key lending rates and maintain an accommodative stance to curtail the impact of the pandemic on the economy.RBI Monetary Policy LIVE: RBI Monetary Policy Decision TodayReserve Bank of India (RBI) Governor Shaktikanta Das will announce the third bi-monthly Monetary Policy Committee (MPC) statement of the financial year 2021-22 today