×
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

RBI Monetary Policy Highlights: Governor Das says FY21 real GDP may remain in the negative; MPC pauses rates; loan recast for MSMEs

RBI Governor, Shaktikanta Das, announced the decisions made by the six-member Monetary Policy Committee (MPC) to revive the coronavirus-hit economy. He laid down 6 vital steps including measures to enhance liquidity and setting up of an innovation hub for the financial sector. He also mentioned that for the year 2020-21 as a whole, real GDP growth is also estimated to be negative. He also said that RBI is perhaps the only central bank in the world that has set up a special quarantine facility for continuity of critical operations. He mentioned that imports fell sharply in June reflecting weak domestic demand and low international crude oil prices. Stay tuned for all the latest updates.
Last Updated 06 August 2020, 08:08 IST
08:0506 Aug 2020

Thank you, Readers!

Thank you, Readers for following Deccan Herald's live coverage of RBI's MPC meeting announcements to revive the coronavirus-hit economy.

Follow all the latest news and updates on www.deccanherald.com

07:5406 Aug 2020

RBI MPC Meet: Key takeaways from Governor Shaktikanta Das's address

The six-member Monetary Policy Committee (MPC), headed by the RBI Governor, announced its decisions to revive the coronavirus-hit economy today.

Read more

07:5306 Aug 2020

Repo rate remains unchanged at 4%, says Governor Shaktikanta Das

The Reserve Bank of India (RBI) on Thursday opted for a status quo and left interest rates unchanged, but maintained an accommodative stance, implying more rate cuts in future if the need arises to support the economy hit by the Covid-19 crisis.

Read more

07:3306 Aug 2020

RBI announced a relaxation on loan-to-value (LTV) ratio for gold loans from 75 percent to 90 percent

07:1406 Aug 2020

Abundant liquidity has helped mutual funds. We will take more steps to enhance liquidity aid for financial markets, says Governor Das

(Published 06 August 2020, 01:51 IST)

Follow us on