RBI Governor Shaktikanta Das Press Conference: MPC Leaves Repo Rate Unchanged; To Normalise CRR In Two Phases

• Good to note that GST revenues have come back and showing better collections
• Our concern as debt manager of the government is what the government's borrowing programme is
• We have to see the deviation from glide path in the context of the extraordinary situation the country is going through
• We have ensured the lowest borrowing cost for the government in the past
• Will be able to implement the borrowing programme in a non-disruptive manner in the future

• Short of announcing an AQR, doing deep dive about true state of affairs of bad assets at NBFCs
• Already making assessment of true state of NPAs in each bank, have sense of overall situation

Have taken measures in the past on forward premia when it becomes necessary

• There is a hunt for yields globally
• Will ensure orderly function through our market operations

• Demand has moved beyond ‘pent-up’ phase to actual demand
• Demand curve is expected to be much more sustained