The Reserve Bank of India (RBI) on Tuesday said that the next meeting of its Monetary Policy Committee (MPC) will be held for three days beginning October 7.
“...the next meeting of the Monetary Policy Committee (MPC) is scheduled during October 7 to October 9, 2020,” RBI said in a statement.
Earlier on September 28, the RBI had postponed the meeting of the MPC as the appointment of independent members of the committee was delayed. The meeting must have a quorum of four members.
The government has appointed three economists Ashima Goyal, Jayanth R Varma and Shashanka Bhide as members of the MPC for a period pf four years.
The new members replace Chetan Ghate, Pami Dua, and Ravindra Dholakia.