News Details

( As on 28/09/2020 18:00)

RBI postpones MPC meeting as posts lie vacant

The Reserve Bank on Monday postponed the meeting of the Monetary Policy Committee (MPC), the all-important interest rate-setting panel, over a possible lack of quorum as the appointment of independent members is delayed.

The Reserve Bank in a press release said that the MPC meeting, which was to begin for three days beginning Tuesday for a bi-monthly monetary policy review, has been rescheduled and new dates will be announced shortly.

"The meeting of the Monetary Policy Committee (MPC) during September 29, 30 and October 1, 2020 is being rescheduled. The dates of the MPC"s meeting will be announced shortly," the RBI said.