RBI sets up special quarantine facility: Now the only central bank in the world to do so

To maintain stability in their operations RBI set up a special quarantine facility and is the only central bank in the world to do so.

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To maintain stability in their operations RBI set up a special quarantine facility and is the only central bank in the world to do so.

RBI Governor Shaktikanta Das said. “The RBI (Reserve Bank of India) is perhaps the only central bank in the world to have set up a special quarantine facility with its officers, staff and service providers, numbering about 200, for critical operations to ensure business continuity in banking and financial market operations and payment systems.”

Interest rates remained unchanged on Thursday, among a recent rise in retail consumer prices and said it would ensure inflation is within target going forward.

Currently the repo rate is 4.0% and the reverse repo rate is 3.35%.

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