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India
oi-Deepika S
New Delhi, May 05: Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said that the RBI is monitoring the situation very closely and added that localised containment measures is keeping demand buoyant as compared to last year.
Addressing a press conference, Das said “RBI will continue to monitor the emerging COVID-19 situation and will deploy all resources and instruments at its command especially for the citizens, business entities, and institutions beleaguered by the 2nd wave.”
“Localised and targeted containment measures are enabling businesses and households to adapt; hence, effect on aggregate demand is expected to be moderate in comparison to last year,” says said.
As India grapples with increading number of coronavirus cases, a number of cities and states announced lockdowns of varying intensities to check spread of coronavirus infections.
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