RBI will continue to monitor emerging COVID-19 situation: Shaktikanta Das
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In view of the massive surge in COVID-19 cases, the Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the central bank will continue to monitor the emerging COVID-19 situation and will deploy all resources and instruments at its command for citizens, business entities, and institutions beleaguered by the second wave.
Das further noted that RBI will closely monitor the impact of the second wave of COVID-19 on macroeconomic and financial conditions, adding that CPI inflation is dubbed to 5.5 per cent in March '21 from 5.0 per cent in February, on the back of a pick-up in food and fuel inflation.
RBI Governor further said that localised and targeted containment measures are enabling businesses and households to adapt; hence, effect on aggregate demand is expected to be moderate in comparison to last year. He also saluted the contribution of health care workers, law enforcement and other frontline workers who have been battling the COVID-19 pandemic selflessly.
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