India infection Waves India

Rising covid cases biggest challenge to recovery: RBI MPC minutes

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Reserve bank of India Governor Shaktikanta Das during the monetary policy committee meeting earlier this month, according to the minutes released on Thursday.

In a tone which sounded grimmer compared to the policy statement, Das said that the recent jump in cases and its impact on economic activity need to be carefully watched.“The need of the hour is to effectively secure the economic recovery underway so that it becomes broad-based and durable.

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