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RBI reschedules next MPC meet to Aug 3-5 due to ‘administrative exigencies’


Reserve Bank of India on Thursday announced that its MPC meeting has been rescheduled to August 3-5, 2022 as against August 2-4, 2022.

Due to administrative exigencies, the next meeting of the Monetary Policy Committee (MPC) has been rescheduled from August 2-4, 2022 to August 3-5, 2022, said in a release.

The Reserve Bank of India (RBI) has raised interest rates by 90 basis points so far this year to 4.9% and is set to add more in coming months. Governor Shaktikanta Das said recently inflation was unlikely to fall within the top end of its mandated target band until December.

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