RBI projects 9.5 per cent GDP fall, sees revival promise in Q4

Divakar Vijayasarathy, founder and managing partner at consulting firm DVS Advisors LLP, said: “As expected, the Monetary Policy Committee has retained the policy rates and its stance as accommodative subject to inflation easing to an acceptable range. MPC expects the inflation to ease to acceptable range only by Q4 of 2021. In this backdrop, it is mostly certain that even in the next bi-monthly review as well the same rates would be retained.”