For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Second Bi-monthly MPC meet For FY19 To Take Place On June 4 For Three Days

|

For the first time ever, the Monetary Policy Committee (MPC) will meet for three days instead of the usual two days to carry out routine bi-monthly monetary policy review. This shall be implemented in light of certain administrative exigencies. At the same time, the meet has been advanced by a day to June 4.

 
Second Bi-monthly MPC meet For FY19 To Take Place On June 4 For Three Days

The central bank on March 21st announced the complete schedule of bi-monthly MPC meet for the FY 2018-19.

 

In a statement, the RBI said, "Owing to certain administrative exigencies, the Second Bi-monthly Monetary Policy meeting for 2018-19 will now be held on June 4-6, 2018 instead of on June 5-6." Also, it cleared the air around the dates for all other MPC meet scheduled for the year, saying that no further changes have been made.

For the FY 2018-19, the first bi-monthly MPC meet took place on April 4 and April 5 and a status quo on interest rate was maintained due to inflationary pressure.

RBI governor heads the MPC committee and decide on the benchmark interest rate.

Goodreturns.in

Read more about: rbi monetary policy committee
Story first published: Thursday, May 17, 2018, 13:36 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X