RBI Board Discusses Macro-Economic Developments, Monetary Policy Committee

Bengaluru: The Reserve Bank's Central Board on Thursday discussed macro-economic developments and constitution of Monetary Policy Committee (MPC), a broad based panel that would determine the benchmark interest rates. The meeting, chaired by RBI Governor Raghuram G Rajan, also discussed RBI's budget among other issues, and reviewed the activities of the Board for Payment and Settlement System for the year ended March 2016. Besides,...