Business Standard

New external members of RBI's MPC likely to keep markets guessing

Oct meeting being held amid a flurry of activities by leading central banks

The Reserve Bank of India (RBI)’s six-member Monetary Policy Committee (MPC) is expected to maintain a status quo for the ninth consecutive policy review, all 10 respondents said in a Business Standard poll. The RBI will announce the policy decisions
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Manojit Saha Mumbai

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The three new external members of the Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) will be taking charge at a time when many believe the interest rate curve is at an inflection point.

On Tuesday, the government notified that Director of Delhi School of Economics Ram Singh, veteran economist Saugata Bhattacharya, and Nagesh Kumar, director and chief executive, Institute for Studies in Industrial Development, will be the three new external members of the MPC.

The three members come from a very diverse field of expertise, and the Committee will have a mix of academic, markets

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