Inflation outlook highly uncertain, elevated level of inflation in pulses worrisome: RBI Governor

RBI Governor Shaktikanta Das addressed a press conference on Friday,  about several measures to ease liquidity pressure in the banking system and to boost the economy.

Inflation outlook highly uncertain; elevated level of inflation in pulses worrisome, requires review of import duties .

Headline inflation may remain firm in first half of yr; ease in second half, falling below 4% in Q3/Q4 of FY21 GDP growth in 2020-21 to be in negative territory.

Combination of fiscal, monetary and administrative actions will create conditions for revival of economy in 2nd half of FY21 RBI to roll over Rs 15,000-cr refinance facility for SIDBI for 90 days.

RBI increases export credit period to 15 months from 1 yr and Rs 15,000-cr line of credit to EXIM Bank.

RBI extends moratorium on loan repayments by three more months in view of COVID-19 Group exposure limit for lenders to corporates raised to 30% from 25%.