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The Monetary Policy Committee of the Reserve Bank of
India met on 4th, 5th and 6th August for its second
meeting of 2020-21. During the second Monetary Policy
meet, the MPC analysed the current & evolving
macroeconomic and financial conditions and has decided
to continue with the accommodative stance to revive
growth as well as to mitigate the impact of COVID-19.
With its decisions, MPC aims to keep inflation within the
target and hence to preserve financial stability.
Also, for the year 2020-21, as a whole, real GDP growth is
expected to be negative