'Clear indication of economy losing traction'
BY Agencies20 Jun 2019 11:57 PM IST
Agencies20 Jun 2019 11:57 PM IST
Mumbai: Reserve Bank of India Governor Shaktikanta Das had, in the last Monetary Policy Committee (MPC) meeting, said that there is clear evidence of economic activity losing traction while giving the rationale for a rate cut.
"Overall, there is clear evidence of economic activity losing traction, with the GDP growth in Q4:2018-19 slowing down to 5.8 per cent," he said, as per the minutes of the last MPC meeting.
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