Shaktikanta Das India city Mumbai covid-19 outbreak pandemic economy Shaktikanta Das India city Mumbai

Markets fall as RBI’s words of caution spook investors

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RBI chief says macroeconomic impact of the pandemic is more severe than anticipated MUMBAI : Indian stock market, Indian markets, stock market, RBI, monetary policy review Shaktikanta Das, corona macroeconomic impact, covid-19 outbreak, The BSE Sensex, NSE Nifty, interest rate transmission, The Indian stock market fell after the Reserve Bank of India’s (RBI) surprise monetary policy review on Friday, with investors wary after central bank governor Shaktikanta Das highlighted the macroeconomic impact of the covid-19 outbreak, adding that “risks to growth were acute".

Weakness in global markets also weighed on sentiment. The BSE Sensex ended at 30,672.59, down 260.31 points, or 0.84%. The Nifty closed at 9,039.25, down 67 points, or 0.74%.

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