RBI Governor Shaktikanta Das Tests Positive for COVID-19

RBI Governor Shaktikanta Das has tested positive for Covid-19. The governor, however, said that he would continue to work from isolation and assured that the central bank’s work will not be impacted. 

October 26, 2020 | AtoZ Markets – Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday said he has tested positive for coronavirus.

Shaktikanta Das confirmed the news on Twitter. He said that he will continue to work from isolation. He also said that he is in touch with all Deputy Governors and other officers through video conference and telephone.

RBI Governor tested positive for Coronavirus, says he’s asymptomatic

Taking to Twitter, 63-year-old Das said, “I have tested COVID-19 positive. Asymptomatic. Feeling very much alright. Have alerted those who came in contact in recent days. Will continue to work from isolation. Work in RBI will go on normally. I am in touch with all Dy. Govs and other officers through VC and telephone.”

Shaktikanta Das and the entire staff have been working from the office ever since the lockdown started in March.

RBI keeps lending rates unchanged

Earlier on Friday, the RBI released the minutes of the Monetary Policy Committee (MPC). Reconstituted under section 45ZB of the RBI Act, 1934, earlier this year, the Reserve bank’s MPC met from October 7 to 9.

The Central Board of the RBI met under the chairmanship of Governor Das through video conference. This was the 585th meeting of the Central Board. The Governor said that there exists space for future rate cuts if the inflation evolves in line with the expectations.

The MPC, during its meeting, decided to keep benchmark lending rates unchanged in view of the hardening of retail inflation.

During the MPC meeting, members of the MPC — Dr. Shashanka Bhide, Dr. Ashima Goyal, Prof Jayanth Varma, Dr. Mridul Saggar, Dr. Micheal Debabrata Patra, and Shaktikanta Das — voted in favor of keeping the policy repo rate unchanged at 4.0%.

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