Reserve Bank's monetary policy decision to be announced on Friday

With three external members of MPC appointed, the committee will meet from October 7 to October 9

With the government filling up the vacancies for three external members of the monetary policy committee (MPC) on Monday night, the Reserve Bank of India (RBI) said the panel would hold meetings from Wednesday to Friday to arrive at a policy decision.

The government named Jayanth Varma, professor at the Indian Institute of Management, Ahmedabad; Ashima Goyal, former member of the Economic Advisory Council to the Prime Minister; and Shashanka Bhide, senior advisor at the National Council of Applied Economic Research as external members of the MPC.

The three posts had remained vacant after Pami Dua, Chetan Ghate, and Ravindra Dholakia demitted