RBI Ready to Cut Rates If Virus Dents Growth, Chief Das Says

The transcript discusses the current crisis, its impact on global demand, and India's economy. The government has taken steps to address the situation, including increased vigilance at airports. The crisis affects India through trade with China and global economic slowdown. The RBI is monitoring developments and is prepared to act before the next monetary policy meeting if necessary. Inflation is expected to decrease, providing more room for economic support. The RBI has options like interest rate cuts and market support to address challenges.

What is the significance of the Monetary Policy Committee's statement regarding interest rates?

In what ways can the RBI support the economy during a crisis?