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.
