The Reserve Bank of India on Monday announced a series of steps aimed at maintaining “orderly” market conditions and “congenial” financial conditions.
There are indications that food and fuel prices are stabilising and cost push factors are moderating. In addition, the recent appreciation of the rupee is working towards containing imported inflationary pressures. The RBI remains vigilant about these developments. In support of the accommodative stance of monetary policy, the RBI is committed to ensuring comfortable liquidity and financing conditions in the economy.RBI Statement
The central bank reiterated that it remains committed to supporting growth in the economy.
“The RBI remains committed to use all instruments at its command to revive the economy by maintaining congenial financial conditions, mitigate the impact of Covid-19 and restore the economy to a path of sustainable growth while preserving macroeconomic and financial stability,” it said.
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