Second wave of Covid may result in Rs. 2 lakh crore loss to economy, says RBI

10:05:00 AM, Thursday 17th of June 2021 | in business

The Reserve Bank of India has revealed in its monthly bulletin for June 2021 that the country's economy may suffer a loss worth Rs. 2 lakh crore amid the second wave of the Covid-19. "Going forward, the speed and scale of vaccination will shape the path of recovery. The economy has the resilience and the fundamentals to bounce back from the pandemic and unshackle itself from pre-existing cyclical and structural hindrances," RBI said.