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    New Monetary Policy Committee will meet on October 3 and 4: RBI

    Synopsis

    This is the first time interest rates will be decided by a committee consisting of three nominees each from the government and RBI.

    ET Bureau
    MUMBAI: The newly formed Monetary Policy Committee (MPC) of the Reserve Bank of India will meet for the first time on October 3 in a two day meeting that will end on October 4, the central bank said on its website.

    This is the first time interest rates will be decided by a committee consisting of three nominees each from the government and RBI.

    This is also the first monetary policy review after Urjit Patel took over as governor on September 4.

    The decision of the committee will be put on the RBI website at 2:30 pm on October 4, the central bank said.

    As of now it is unclear whether governor Patel will also address the media after the policy is made public.
    (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

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    3 Comments on this Story

    Mohan Reddymutyala1457 days ago
    The intrest rate will not increase if possible reduse in this sesion domestic sharemarket will be high range.
    Thank you.
    David1459 days ago
    Mudra bank,payment dispense mechanism,few commercial bank hesitate to accept Mudra forms,instesd,those bank promote their financial products with collateral.
    Arjun Mohan1459 days ago
    my bet is on a 25 basis point cut....
    The Economic Times