RBI governor for judicious use of monetary action in future: MPC minutes

RBI Governor Shaktikanta Das has emhasised that although there is headroom for further monetary policy action, the "arsenal" has to be kept dry and used judiciously for promoting growth which hasbeen hit hard by the Covid-19 pandemic, according to the MPC minutes released on Thursday.

After a three-day brainstorming earlier this month, all the six members of the Das-headed Monetary Policy Committee (MPC) had opted for a status quo and left interest rates unchanged.

However, the MPC maintained an accommodative stance, implying more rate cuts in future if the need arises to support the coronavirus-hit economy.

As per the minutes, Das also said