Economics

India’s Central Bank Panel to Announce Rate Decision This Week

  • MPC meeting to be held for three days from Oct. 7-9, RBI says
  • Government on Monday appointed new external members to MPC
Photographer: Kanishka Sonthali/Bloomberg
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The Reserve Bank of India’s new rate-setting panel will announce its much-delayed policy decision on Friday.

The Monetary Policy Committee will meet from Oct. 7-9, the RBI said in a statement Tuesday. The rate decision was originally scheduled for Oct. 1 but was abruptly delayed possibly due to three vacancies on the panel.