RBI Monetary Policy Meet Postponed To February 8 As Maharashtra Declares Holiday On Monday
NDTV
RBI on Sunday rescheduled its monetary policy committee meeting, which was to begin from tomorrow (February 7), to February 8
The Reserve Bank of India (RBI) on Sunday rescheduled its monetary policy committee (MPC) meeting, which was to begin from tomorrow (Monday, February 7), to February 8.
The decision to postpone the MPC meeting by a day was taken by RBI as Maharashtra government has declared a public holiday on Monday to mourn the death of legendary playback singer Lata Mangeshkar, who passed away earlier today.
The MPC meeting will now be held between February 8 to 10, 2022.
The committee meets on a bi-monthly basis to review and revise the key lending rates (repo and reverse repo rates). The decision of the committee on whether to retain or revise the rates is announced on the last (third) day of deliberations, by the RBI governor Shaktikanta Das.
