MPC minutes: Growth momentum needs to strengthen further, says RBI Guv

The Reserve Bank remains committed to ensure the availability of ample liquidity in the system to foster congenial financial conditions, says Governor

The country's economic growth momentum needs to strengthen further, said RBI governor Shaktikanta Das during the latest monetary policy meeting, according to the minutes released by the central bank.

"Growth, although uneven, is recovering and gathering momentum, and the outlook has improved significantly with the rollout of the vaccine programme in the country. The growth momentum, however, needs to strengthen further for a sustained revival of the economy and for a quick return of the level of output to the pre-Covid trajectory," said Das.

During the monetary policy meeting, held between February 3-5, the RBI decided to leave benchmark interest rate unchanged