A meeting of India’s monetary policy committee, scheduled for this week, has been rescheduled.
“The meeting of the MPC during September 29, 30 and October 1, 2020 as announced vide Press Release 2019-2020/2248 dated April 20, 2020 is being rescheduled. The dates of the MPC’s meeting will be announced shortly,” the Reserve Bank of India said in a release on Monday.
The central bank did not ascribe any reason for the delay in the MPC meet.
The tenure of the three external members on the committee ended in September. As such, Ravindra Dholakia, Chetan Ghate and Pami Dua stepped down from the panel after the August meet. Since then, the government has been deliberating on the new appointments to the committee but has not yet disclosed the names of the new members.
Without the external members, only the RBI appointees remain on the committee. These include Governor Shaktikanta Das, Deputy Governor Michael Patra and Executive Director Mridul Saggar.
