Commercial Vehicle

RBI credit policy


The Reserve Bank of India (RBI) continued its accommodat­ive stance. RBI Governor, Shaktikant­a Das began drew attention to the Gross Domestic Produce (GDP) expansion by 13.5 per cent. He expressed satisfacti­on with external financing requiremen­ts remaining moderate. Informing that one must take cognisance of policy actions being mobilised at an unpreceden­ted scale, Das cited the unity of various stakeholde­rs brought about by the pandemic. Keeping a status quo on policy rates and statistics, the Governor admitted that private investment had been lagging and consumptio­n remains below the pre-Covid19 levels. However, in a silver lining, both the exports and the imports are known to have surpassed pre-Covid19 levels. Headwinds continue with supply-side bottleneck­s, and volatile commodity prices. The Governor also admitted to Omicron adding to the complexiti­es.

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