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5 Aug 2021
India: RBI to keep policy accommodative until growth is sustainable – Rabobank
In the view of the economists at Rabobank, the Reserve Bank of India (RSI) is likely to stick with its accommodative policy until the economic recovery is on a sustainable path and the inflation picture becomes clearer.
Key quotes
“The economic pain resulting from the devastating second wave of Covid19 infections will mainly be concentrated in the second quarter.”
“People have been able to learn, adapt and overcome the economic challenges linked to lockdowns, limiting the economic impact compared to last year.”
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