RBI continues to support growth, rupee: Governor Shaktikanta Das

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After resisting the “temptation” to reverse monetary policy due to occasional spikes in inflation rates in the past two years, the Reserve Bank of India (RBI) will continue to support growth and keep the system adequate with liquidity to assist productive sectors, while maintaining exchange rate stability, Governor Shaktikanta Das said on Monday.

“The RBI for the past two years has remained supportive of growth and we have resisted all temptations and expectations of reversing our monetary policy and moving away from the accommodative stance because we could clearly see that inflation would moderate and it did moderate,” Das said