The Reserve Bank of India (RBI) in its monetary policy today (December 4) upped the growth forecast for the current year to negative 7.5 percent from negative 9.5 percent earlier. It also upped inflation forecast for March 2021 to 5.8 percent from 4.5 percent earlier.
The Monetary Policy Committee (MPC) unanimously held rates unchanged and said it would remain accommodative. What does this mean for markets and businesses? CNBC-TV18’s Latha Venkatesh brings an analysis of the policy.Watch video for more.