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On pre-policy meetings, FinMin and RBI to stay with convention

View in some sections of govt is that there's no need for ministry officials to meet MPC members

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Rbi

Arup Roychoudhury  |  New Delhi 

The Finance Ministry’s idea of face-to-face meetings with all six members of the Reserve Bank of India’s (RBI's) Monetary Policy Committee (MPC) ahead of interest rate announcements, seems dead upon arrival.

North Block and Mint Road seem likely to now stick to the earlier convention of the RBI governor coming to Delhi and being the only MPC member meeting the finance minister and senior bureaucrats ahead of MPC meets. For the others, the ministry will send its views in writing. “The governor meeting the FM ahead of interest rate meetings has been a ...

First Published: Sun, June 11 2017. 19:37 IST
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