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This Article is From Oct 06, 2020

India’s Central Bank Panel to Announce Rate Decision This Week

India’s Central Bank Panel to Announce Rate Decision This Week

The Reserve Bank of India's new rate-setting panel will announce its much-delayed policy decision on Friday.

The Monetary Policy Committee will meet from Oct. 7-9, the RBI said in a statement Tuesday. The rate decision was originally scheduled for Oct. 1 but was abruptly delayed possibly due to three vacancies on the panel.

The government late on Monday announced the new policy makers -- Ashima Goyal, Jayanth R Varma and Shashanka Bhide -- who will join three RBI officials on the panel, led by Governor Shaktikanta Das.

©2020 Bloomberg L.P.

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