RBI postpones MPC meeting after failure to appoint new members

RBI

The Reserve Bank of India has postponed this week’s monetary policy committee (MPC) meeting after the government failed to fill three vacancies in time.

The MPC meeting had been due to commence tomorrow (September 29), with the policy decision set to be unveiled on October 1, but the RBI said today that the meeting was being rescheduled, with new dates to be announced “shortly”.

The four-year terms of all three of the external members of the committee – Chetan Ghate, Pami Dua and Ravindra

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