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Govt picks three new external members for MPC ahead of key RBI meet

Govt appoints Ram Singh, Saugata Bhattacharya, and Nagesh Kumar as new external members of RBI's Monetary Policy Committee

(From top) Three external MPC members include economist Saugata Bhattacharya, Ram Singh, director, Delhi School of Economics, and Nagesh Kumar, director & chief executive, ISID

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(From left) Three external MPC members include Nagesh Kumar, director & chief executive, ISID, Ram Singh, director, Delhi School of Economics, and economist Saugata Bhattacharya

Ruchika Chitravanshi New Delhi

3 min read Last Updated : Oct 02 2024 | 8:10 PM IST

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Six days ahead of the crucial meeting of the interest rate-setting panel, the government on Tuesday appointed three external members to the reconstituted Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI).

The three external members are: Delhi School of Economics Director Ram Singh, economist Saugata Bhattacharya, and Nagesh Kumar, director and chief executive, Institute for Studies in Industrial Development (ISID). They will replace outgoing external members Jayanth Varma, Ashima Goyal, and Shashank Bhide. The RBI Act doesn’t allow reappointment of external members.

The other three members in the six-member MPC are from within the

Topics : Shaktikanta Das RBI MPC monetary policy committee

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