
The Reserve Bank of India (RBI) will hold an additional meeting of its rate-setting panel - Monetary Policy Committee (MPC) - on November 3, the central bank informed on Friday. It has, however, not disclosed the agenda.
"Under the provisions of Section 45ZN of the Reserve Bank of India (RBI) Act 1934, read along with the Gazette notifications S.O.2215(E) dated June 27, 2016, and S.O.1422(E) dated March 31, 2021 and the Regulation 7 of the RBI Monetary Policy Committee (MPC) and Monetary Policy Process Regulation, 2016, an additional meeting of the MPC is being scheduled on November 3, 2022," it said in a statement.
The last meeting was held from September 28 to September 30, following which the repo rate was revised to 5.9 per cent. The next meeting was slated to meet for the last time this calendar year on December 5 - 7.
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