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India’s Rate Panel to Hold an Off-Cycle Meeting Next Week

  • Panel said to discuss inflation letter to government
  • Dec. 5-7 rate-setting meeting remains on RBI’s calendar
India’s RBI Delivers Half-Point Hike to Rein in Inflation
Photographer: Dhiraj Singh/Bloomberg
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The Reserve Bank of India’s monetary policy committee will hold an out-of-cycle meeting next week, a month before it was due for an interest-rate decision, to discuss a letter it must write to the government on how it plans to bring inflation back to the target band.

The RBI’s six-member monetary panel led by Governor Shaktikanta Das will meet on Nov. 3, the central bank said in a statement posted on its website on Thursday, without giving additional details. The meeting will be held just hours after the US Federal Reserve is due to deliver on a rate decision.