At its August monetary policy decision, the Reserve Bank of India (RBI) kept the benchmark repo rate unchanged at 4% and reverse repo rate at 3.35%.
The central bank, however, maintained its accommodative stance.
Key quotes
External demand expected to remain anaemic.
MPC projects real GDP growth for FY21 to be negative.
Space for further monetary policy action is available.
Need to use available monetary space judiciously.
MPC remains watchful for a durable reduction in inflation to use available policy space.
作者：Dhwani Mehta，文章來源FXStreet，版權歸原作者所有，如有侵權請聯繫本人刪除。
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