The Reserve Bank of India on Monday announced that it has rescheduled the meeting of the Monetary Policy Committee, which was supposed to begin from Tuesday. The central bank said that it will announce the new dates soon.
“The meeting of the Monetary Policy Committee (MPC) during September 29, 30 and October 1, 2020 is being rescheduled,” RBI said in a press release. “The dates of the MPC’s meeting will be announced shortly.”
The bank did not provide a reason for rescheduling the key meeting, though a report in The Economic Times said that the decision may have been taken because of the pending appointment of members of the external committee. The tenure of Chetan Ghate, Pami Dua and Ravindra Dholakia of the committee ended earlier in September.
The last Monetary Policy Committee meeting was held on August 6. The RBI had kept both the repo rate and the reverse…