Finance Ministry official: Monetary policy Panel to Meet before Oct 4

Economic Affairs Secretary Shaktikanta Das said the new six-member Monetary Policy Committee, which will set interest rates, will meet before the Reserve Bank of India's (RBI) policy review on Oct. 4 and give their recommendations. 

 

"The MPC will, of course, meet before the fourth of October and the committee will give their recommendations based on which the RBI will take a decision," Das told reporters on the sidelines of a conference on corporate bond markets. 

 

Ripples Advisory Last week, the government picked three low-key economists for the committee. The rest of the panel will comprise RBI Governor Urjit Patel and his two senior-most monetary policy officials. 

 

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