The Reserve Bank of India (RBI) kept interest rates steady at record lows on Friday and reiterated its commitment to keeping policy accommodative as a ferocious second wave of COVID-19 infections threatens to derail the country’s economic recovery.
In a Reuters poll, all 51 economists surveyed had expected the RBI’s monetary policy committee (MPC) to leave rates unchanged. read more
RBI Governor Shaktikanta Das said all six members of the MPC voted in favour of keeping rates on hold and maintaining an accommodative monetary policy stance.
“The MPC was of the view that at this juncture policy support from all sides is required to…