Smart RBI created scope within the limited space to keep pushing growth SECTIONS Last Updated: Apr 08, 2021, 06:09 PM IST Share Synopsis Under the newly-announced program, RBI will commit upfront to a specific amount of open market purchases of government securities. Economist, Geojit Financial Services She holds a Masters in Economics and is currently pursuing her doctoral studies. Before joining Geojit, she was working as Senior Research Associate at the Kochi, Kerala-based think-tank Centre for Public Policy Research. Ms Mathew writes regularly on the developments in the areas of monetary policy, fiscal policy, international trade and Union/State budgets. Related The first Monetary Policy Committee (MPC) meeting of FY22 took place when the country has been witnessing a fresh surge in the Covid-19 cases. The second wave of the pandemic has created uncertainty for India’s near-term growth prospects. Ever since the advent of the pandemic, RBI has resorted to various liquidity and other measures to support the economy. More than a year into the pandemic, the central bank now has only limited space to announce further monetary stimulus.