RBI’S Central Board Discusses Macro-Economic Developments, MPC

The Reserve Bank of India’s (RBI) Central Board on Thursday discussed macro-economic developments and constitution of Monetary Policy Committee (MPC), a broad-based panel that would determine the benchmark interest rates.

The meeting, chaired by RBI governor Raghuram Rajan, also discussed RBI’s budget among other issues, and reviewed the activities of the Board for Payment and Settlement System for the year ended March 2016.

Besides, the Board, which met in Bengaluru after a gap of seven years, discussed the draft Annual Report for 2015-16, RBI said in a statement. 

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