RBI governor to make unscheduled speech at 10am as Covid devastates India

Central bank had last year announced a series of measures to support the economy suffering the impact of a nationwide lockdown

Reserve Bank of India Governor Shaktikanta Das will make an unscheduled speech at 10 am today, Wednesday, as a new coronavirus wave threatens a nascent economic recovery.

The address will be broadcast at 10am local time, the RBI said on Twitter. It didn’t elaborate.

A team at the Indian Institute of Science in Bangalore used a mathematical model to predict about 404,000 deaths will occur by June 11 if current trends continue. A model from the Institute for Health Metrics and Evaluation at the University of Washington forecast 1,018,879 deaths by the end of July, Bloomberg reported.

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