Govt, RBI have agreed on MPC composition: Raghuram Rajan1 min read 06 Nov 2015, 01:04 AM IST
The government has proposed to set up the MPC, which will consist of representatives from the finance ministry and RBI, to decide on interest rate
New Delhi: Reserve Bank of India (RBI) governor Raghuram Rajan on Thursday said the government and the central bank have agreed on the composition of the interest rate-setting monetary policy committee (MPC). “The MPC agreement has been largely done. Only fine-tuning is left. The government and RBI are broadly on the same page on the MPC’s composition," Rajan told reporters.
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