INDranil Bhattacharyya Joins RBI’s Monetary Policy Committee as Ex -Offeringo Member – CNBC TV18

Indranil Bhattacharyya, Executive Director of the Reserve Bank of India (RBI), has been approved as an ex official member of the monetary committee (mpc) Dering the 618th Meeting of the Center Board of Directors of the RBI Held in Lucknow on Friday (August 22). The meeting was chaired by governor sanjay malhotra.

The Board Assessed The Emerging Global and Domestic Economic Landscape, with Discussions Covening Geopolitical Developments, Financial Market Trends, and Related Challenges. It also reviewed the functioning of select Central Office Departments, Committees of the Central Board, and the Ombudsman Scheme.

The meeting was attased by deputy governors M. Rajeshwar Rao, T. Rabi Sankar, Swaminathan J., and Dr. Poonam Gupta, Along With Other Directors of the Central Board Including Nagaraju Maddirala, Secretary, Department of Financial Services; Anuradha Thakur, Secretary, Department of Economic Affairs; Satish K. Marathe; Revathy Iyer; Prof. Sachin Chaturvedi; Anand Gopal Mahindra; Pankaj Ramanbhai Patel and Dr Ravindra H. Dholakia.

Also Read: RBI Releases Discussion Paper on Policy Framework; seeks views on retaining 4% cpi target

The mpc, constituted under the RBI Act, 1934, IS Responsible for Setting India’s Benchmark Policy Interest Rates With the Objective of Maintening Inflation with the target support Growth.

This month, the reserve bank of India’s Monetary Policy Committee (MPC) Kept the Repo Rate Unchanged at 5.5%, Pausing after Three Consecuve Rate Cuts Totalling 100 Basis Points Since Since Since The decision was unanimous. The Standard Deposit Facility (SDF) and Marginal Standing Facility (MSF) Rates were also kept unchanged. The policy stance stays “neutral”, as in june, after briefly turning “accummodative” in April.

Also Read: RBI MPC Minutes: Inflation May Edge Up Despite Recent Softening