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

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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 RBI 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. RBI 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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