RBI may keep rates low for longer to counter virus hit

The strong relation between economic activity and popular mobility indicators suggests that increase in Covid restrictions is likely to hit economic activity in Q4 FY22. HDFC Bank has said that there could be a downside risk to its growth forecast of 6.1 per cent for Q4 FY'22 by 20-30 basis points ( one bps is 0.01 percent).

from Markets-Economic Times https://ift.tt/3pTZQxm
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