New members give RBI's MPC dovish tilt; to hold rates on Oct 9: Analysts

Rising inflation, according to economists, is another cause for concern

The addition of three new members – Jayanth Varma, Ashima Goyal and Shashanka Bhide – to the Reserve Bank of India’s monetary policy committee (MPC) lends a dovish tilt to the central bank’s think tank on policy, say analysts, who feel it may keep rates unchanged in the policy review later this week.

On Monday, the RBI appointed Jayanth Varma, professor in Indian Institute of Management, Ahmedabad, Ashima Goyal, member of Economic Advisory Council of Prime Minister and Shashanka Bhide, senior advisor at National Council for Applied Economic Research as the three external members of the monetary policy committee.

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