RBI battle-ready to meet economy's needs: Governor Shaktikanta Das

Says protecting depositors' money, ensuring financial stability key concern

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday that the economic recovery would be slow, but the central bank stood “fully prepared and is battle-ready” for whatever measures were needed to prop up growth.

Das said while there had been some recovery, it was “not yet fully entrenched and moreover, in some sectors, upticks in June and July appear to be levelling off”. “By all indications, the recovery is likely to be gradual as efforts towards reopening the economy are confronted with rising infections,” he said in an address streamed online. The event was organised by the Federation