RBI calls for targeted policy support for export

MUMBAI: The Reserve Bank of India (RBI) has suggested that the government should boost exports with a targeted policy support on an urgent basis.

In his statement post the Monetary Policy Committee's (MPC) bi-monthly meeting, RBI Governor Shaktikanta Das said that with external demand strengthening, a rebound in global trade is taking hold, which should support India's export sector. Global demand conditions are expected to improve further buoyed by fiscal stimulus packages and the fast progress of vaccination in advanced economies, he said. (IANS)

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