Full text of RBI's statement on marathon board meeting in Mumbai

The Board decided to constitute an expert committee to examine ECF

A crucial meeting of the Reserve Bank of India's (RBI's) central board concluded on Monday amid a rift between the central bank and the government over key issues. The marathon meeting lasted for close to nine hours.  

The RBI has an 18-member board, which also includes four deputy governors, government nominees -- Department of Economic Affairs Secretary S C Garg and Financial Services Secretary Rajiv Kumar, besides non-official directors, including S Gurumurthy and Satish Marathe.  

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