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How MPC changes the policy game

MPC has been tasked with deciding benchmark interest rates, which the RBI governor did so far

Anup Roy  |  Mumbai 

For the first time, a monetary policy committee (MPC), and not just the Reserve Bank of India governor, is taking a call on policy rate. Like the Federal Open Market Committee of the US, the MPC is meeting for two days before it announces its rate decision today.

Anup Roy tells us how such committees function in some major central banks THE MONETARY POLICY COMMITTEE IS AN executive body of six members that will decide on policy rate for the Reserve Bank of India (RBI). Three members are from the central bank and three others are nominated by the government. All members will have a ...

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First Published: Tue, October 04 2016. 00:16 IST
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