IN AN unprecedented development, the Reserve Bank of India (RBI) Monday postponed the bi-monthly meeting of the Monetary Policy Committee (MPC) scheduled from September 29 to October 1, after the government failed to nominate its three members to the six-member panel on time, The Indian Express has learnt.
The MPC is a statutory committee that fixes the key policy interest rates and monetary policy stance of the country as well as the inflation target.
The four-year tenure of the three government-nominated members —…