RBI Governor Shaktikanta Das Tests Positive For Covid, MPC Meet via VC

Reserve bank of India Governor Shaktikanta Das has tested positive for Covid-19 and says to continue work from isolation. Governor took to Twitter on Sunday and informed that he has tested positive for Covid-19. He wrote, "I have tested COVID-19 positive, Asymptomatic. Feeling very much alright. Have alerted those who came in contact in recent days. Will continue to work from isolation. Work in RBI will go on normally. I am in touch with all Deputy Governors and other officers through Video conferencing and telephone."

Shaktikanta Das and the whole staff have been working from the office ever since the lockdown started in March. Earlier on Friday, the Central Bank released the minutes of the Monetary Policy Committee (MPC).  

RBI Governor Shaktikanta Das's big statement on revival of economy

MPC Meet held through Video-conferencing: - On Friday, the Central Board of the RBI met under the chairmanship of Governor Das through video conference (VC), which was the 585th meeting of the Central Board. The Monetary Policy Committee, during its meeting, decided to keep benchmark lending rates unchanged in view of the hardening of retail inflation. During the meeting as per MPC minutes, Shaktikanta  Das said that he would recognize that there exists space for future rate cuts if the inflation evolves in line with expectations. This space needs to be used judiciously to support recovery in growth. During the meet, members of the MPC namely Dr Ashima Goyal, Dr Shashanka Bhide, Dr Mridul Saggar, Prof Jayanth Varma, Dr Micheal Debabrata Patra and Shaktikanta Das voted in favour of keeping the policy repo rate unchanged at 4.0 pc.

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