INSUBCONTINENT EXCLUSIVE:
RBI Governor Shaktikanta Das: RBI's Monetary Policy Committee decided to keep the key rates unchanged.HighlightsWorking from home and
virtual meetings are the new normal in these times The RBI's Monetary Policy Committee kept the key rates unchanged "Courage and
conviction will conquer Covid-19," the RBI Governor saidLiving with the pandemic has improved the way we manage it, Reserve Bank of India
(RBI) Governor Shaktikanta Das said in his virtual address to media, as working from home, virtual meetings and "contactless" transactions
Drawing from Mahatma Gandhi's inspirational words, "If our resolve is firm and our conviction clear, it would mean half the battle won.",
Shaktikanta Das reiterated that he continued to be an eternal optimist."Throughout this traumatic period, one thing has stood out - the
indomitable spirit of humanity, the inner conviction that whatever be the challenge, we have the innate resilience to combat them, overcome
them and emerge victorious," the Reserve Bank of India Governor emphasized.Meanwhile, the Governor Shaktikanta Das said the RBI's Monetary
Policy Committee unanimously decided to keep the key rates unchanged and maintain an "accommodative" stance for "as long as necessary to
revive growth and mitigate the impact of COVID-19, while ensuring that inflation remains within the target going forward".The repo rate - or
the RBI borrows - is at 3.35 per cent.The novel coronavirus has affected over 19 lakh and claimed over 39,000 lives in India so far,
according to the information provided by the Ministry of Health and Family Welfare.The RBI Governor said the "war against COVID-19 is most
intense at the current juncture and the world is bracing up for a second wave as it cautiously opens up"
April this year, Shaktikanta Das had quoted Mahatma Gandhi's London's Kingsley Hall speech to the effect that "in the midst of death
note that "courage and conviction will conquer Covid-19."
