Mumbai: The Reserve Bank of India (RBI) on Monday said that it has decided to postpone the meeting of the Monetary Policy Committee (MPC) to be held this week and new dates will be announced soon. The central bank, however, did not give any reason for postponing the meeting. RBI’s bi-monthly monetary policy review was to begin on Tuesday, which would last for three days.
During this period, mainly interest rates were to be decided. “MPC meeting scheduled to be held on September 29, 30 and October 1, 2020 is now being deferred,” RBI said in a press release. The MPC meeting dates will be announced soon. ” The RBI is awaiting the government’s decision on new external members in the committee. According to the RBI Act, external members of MPC have a tenure of four years.
