Receding inflation pressures across economies, though still above targets in some advanced nations, have opened space for more accommodative monetary policies in the coming months, the Governor noted.
The MPC has also revised the average headline inflation for this year to 2.6 per cent from the earlier projection of 3.7 per cent in June and 3.1 per cent in August.
Domestic equities remained buoyant and benchmark Nifty surpassed the psychologically-key 15,000 level before settling lower, said Binod Modi, Head Strategy at Reliance Securities.
The governor said he was confident that the procedural changes being made will improve ease of doing business for exporters and "really help our exports sector".
Sensex had opened at 44,665.91 and has touched an intra-day low of 44,665.91 points.
Traders said Das' comments on expectation of GDP turning positive in the said quarter also fuelled the market rally.
Under the extant framework, the maximum aggregated retail exposure to one counterparty should not exceed the absolute threshold limit of Rs 5 crore.
Three auctions of government securities conducted by RBI got devolved as market participants stayed away from buying bonds.
Das noted that the move is expected to give a fillip to bank lending to the real estate sector.
Three members of the panel are from the RBI, including the Central bank's Governor and the rest three are external or independent members.
