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RBI will deploy all resources for citizens, businesses hit by 2nd COVID-19 wave: Shaktikanta Das

New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said that the central bank will continue to monitor the emerging COVID-19 situation and will deploy all resources and instruments at its command for citizens, business entities, and institutions beleaguered by the second wave. “RBI will closely monitor the impact of the second wave of COVID-19 on macroeconomic and financial conditions. CPI inflation is dubbed to 5.5 per cent in March ’21 from 5.0 per cent in February, on the back of a pick-up in food and fuel inflation,” Das said while addressing a press conference. India has been witnessing a massive surge in COVID-19 cases in its second wave, recording over 3 lakh new cases and over 3000 related deaths on a daily basis, thus impacting the country’s health care infrastructure as well as the economy. “Localised and targeted containment measures are enabling businesses and households to adapt; hence, effect on aggregate demand is expected to be moderate in

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