?In the last MPC meeting when we took a pause, I don't know why the market was surprised, said RBI Gov Shaktikanta Das.
The RBI reiterated that it would maintain an accommodative stance as long as necessary to revive economic growth.
Shaktikanta Das says vegetable prices should soften by early February 2020.
The comments come a year after government tagged Bitcoins and other cryptocurrencies illegal and the RBI banned their trade.
The sharp decline in growth had many analysts assuming the Reserve Bank will deliver a rate cut on Thursday.
The apex bank enhanced the cash withdrawal limit to Rs 50,000 per account.
Rate was cut due to slowdown, fall in investments.
Loan rates to come down; repo rate now at 5.15%, GDP growth pegged at 6.1%
RBI will continue accommodative stance as long as it is necessary and growth revives, said RBI Gov Shaktikanta Das.
RBI Governor Shaktikanta Das has already hinted further monetary policy easing while space for fiscal space is limited.