The six-member monetary policy committee of the Reserve Bank of India (RBI) maintained a status quo on interest rates for the eighth consecutive meeting, which was along expected lines with Governor Shaktikanta Das batting for retaining the accommodative stance for as long as necessary to revive and sustain growth on a durable basis.

       At the same time, the governor said that the liquidity surplus in the banking system has increased in September, with the potential liquidity overhang amounting to more than Rs 13 trillion. As a result, the central bank has not announced any further ...