RBI governor Shaktikanta Das announced its bi-monthly monetary policy review for the month of December. The six-member monetary policy committee (MPC) headed by Shaktikanta Das met for two days from December 2. Relevantly, maintaining status quo for the third time in a row, Reserve Bank of India on Friday decided to keep benchmark interest rate unchanged at 4% but maintained an accommodative stance, implying more rate cuts in the future if the need arises to support the economy hit by the Covid-19 crisis.