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The Monetary Policy Committee (MPC) minutes released by the central bank has showed that Reserve Bank of India (RBI) Governor Shaktikanta Das pitched for continued policy support to nurture revival in sectors especially those which are exposed to the evolving headwinds in the wake of spread of Omicron variant of Covid.

The Monetary Policy Committee on December 8 had unanimously voted for status quo on policy rates for the ninth consecutive time. As per the minutes, Das said there was growing uncertainty regarding the evolving global macroeconomic outlook.

On the domestic front, he even as the prospects for economic activity are improving, there is still a slack with key drivers like private consumption remaining well below their pre-pandemic levels. MPC member and RBI Deputy Governor Michael Debabrata Patra too expressed concerns on the spread of the new variant of coronavirus, saying suddenly, the global outlook has darkened.