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RBI says longer policy support is needed for sustained economic recovery

Earlier this month, RBI monetary policy committee kept interest rates steady at record lows and reiterated the need to unwind pandemic-era stimulus only gradually

Topics
RBI | Economic recovery | Indian Economy

Reuters  |  NEW DELHI 

India's central bank said on Monday that policy support is needed for longer for a sustained recovery in Asia's third largest economy from a coronavirus induced slowdown, even as demand has picked up. Earlier this month, The Reserve Bank of India's (RBI) monetary policy committee kept interest rates steady at record lows and reiterated the need to unwind pandemic-era stimulus only gradually to aid the nascent economic recovery. "Premature tightening could bring about the stagflation that all fear, quashing growth just as the economy is recovering," the RBI ...

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First Published: Mon, October 18 2021. 22:29 IST
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