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videos | IST

Going into committee meeting with an open mind, says new MPC member Jayanth Varma

The newly appointed member of RBI's Monetary Policy Committee Jayanth R Varma said on Tuesday that he was going into the meeting with an open mind.
"One needs to go into the committee meeting with an open mind," Varma said in an interview with CNBC-TV18.
The government appointed 3 new members to the Monetary Policy Committee in a late-night announcement. Ashima Goyal, Shashanka Bhide and Jayanth Varma are the new members appointed. The trio has been appointed for a four-year term, CNBC-TV18 reported in an exclusive news break.
Verma said he looks forward to this experience and see whether finance ideas can help in the current environment. "The monetary transmission is a financial phenomenon than economic phenomenon and the role of financial friction has a role in interest rates," he mentioned.