RBI to hold MPC meet from Oct 7-Oct 9

The Reserve Bank of India (RBI) will announce the monetary policy on October 9 as the Monetary Policy Committee (MPC) will meet during October 7-9.

The announcement by the Central bank comes after the government filled the vacancies of three external members in the committee.

On Monday, the government appointed Ashima Goyal, Jayanth R. Varma and Shashanka Bhide as members of the Monetary Policy Committee of the RBI. They have been appointed for a term of four years each or until further orders, whichever is earlier.

The RBI had to reschedule the meeting from Sept. 29 to Oct. 1 as the government had not appointed three new external members on the committee.