A meeting of India’s monetary policy committee, scheduled for this week, has been rescheduled.
“The MPC meeting will be rescheduled for September 29, 30, and October 1, 2020, as announced in the 2019-2020 / 2248 video press release of April 20, 2020. Meeting dates of the MPC will be announced shortly, ”the Reserve Bank of India said in a statement on Monday.
The central bank did not attribute any reason to the delay in the MPC meeting.
The term of the three external committee members ended in September. As such, Ravindra Dholakia, Chetan Ghate, and Pami Dua left the panel after the August meeting. Since then, the government has been deliberating on new appointments to the committee, but has not yet released the names of the new members.
Without outside members, only RBI appointees remain on the committee. These include Governor Shaktikanta Das, Lieutenant Governor Michael Patra, and CEO Mridul Saggar.
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