Finance Ministry official says monetary policy panel to meet before October 4

By: | Published: September 27, 2016 6:40 PM

India's Economic Affairs Secretary Shaktikanta Das said the new six-member Monetary Policy Committee, which will set interest rates, will meet before the Reserve Bank of India's policy review on October 4 and give their recommendations.

Shaktikanta Das, urjit patel, urjit patel committee, urjit patel new rbi governor, urjit patel newsIndia’s Economic Affairs Secretary Shaktikanta Das said the new six-member Monetary Policy Committee, which will set interest rates, will meet before the Reserve Bank of India’s policy review on October 4 and give their recommendations. (Reuters)

India’s Economic Affairs Secretary Shaktikanta Das said the new six-member Monetary Policy Committee, which will set interest rates, will meet before the Reserve Bank of India’s policy review on October 4 and give their recommendations.

“The MPC will, of course, meet before the fourth of October and the committee will give their recommendations based on which the RBI will take a decision,” Das told reporters on the sidelines of a conference on corporate bond markets.

Last week, the government picked three low-key economists for the committee. The rest of the panel will comprise RBI Governor Urjit Patel and his two senior-most monetary policy officials.

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