MUMBAI: Top Reserve Bank of India authorities revealed pessimism about the impact of Covid-19 on the nation’s economic prospects, according to minutes of the
financial policy committee meeting
launched by the RBI.
Arguing for a rate cut, RBI guv
Shaktikanta Das
in the meeting stated there was an increasing probability of a sharper loss of
growth momentum
in the near term. Deputy governor Michael Patra said the damage is “so deep and substantial that India’s prospective output has