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  • Tue. Nov 5th, 2024

At rate cut satisfy, RBI managers were bearish on economy

At rate cut satisfy, RBI managers were bearish on economy

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



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