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 are the two main channels through which India might be affected by the crisis?

• Domestic inflation and international aid

• Local market fluctuations and global stock market

• Direct trade with China and global economic slowdown

• Direct trade with the USA and global tourism

What is the RBI's stance on acting before the next monetary policy meeting?

• The RBI has no plans to act before the meeting

• The RBI will only act after consulting with the government

• The RBI is prepared to act if necessary

• The RBI will wait for the scheduled meeting

How might a decrease in inflation affect the RBI's response to the economic situation?

• It would have no impact on the RBI's decisions

• It would provide more room to support the economy

• It would increase pressure on the RBI

• It would lead to an increase in interest rates

What is one of the options available to the RBI to support the economy?

• Raising import duties

• Increasing taxes

• Reducing government spending

• Cutting interest rates

What does the RBI emphasize regarding its readiness to address economic challenges?

• The RBI will only act after the next policy meeting

• The RBI is ready to act as needed without delay

• The RBI will focus solely on interest rate cuts

• The RBI will wait for international guidance