India News | Will Ensure Availability of Adequate Liquidity for Productive Requirements of Economy: RBI Governor

Mumbai, Jun 8 (PTI) Reserve Bank of India Governor Shaktikanta Das on Wednesday said the central bank will ensure the availability of adequate liquidity to meet the productive requirements of the economy.

"Going ahead, while normalising the pandemic related extraordinary liquidity accommodation over a multi-year time frame, the RBI will ensure availability of adequate liquidity to meet the productive requirements of the economy," Das said while announcing the monetary policy.

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The RBI will also remain focused on orderly completion of the government's borrowing programme.

The six-member Monetary Policy Committee (MPC) today voted unanimously to increase the policy repo rate by 50 basis points to 4.90 per cent with immediate effect.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)