RBI Guv calls on Jaitley before monetary policy review

RBI Guv calls on Jaitley before monetary policy review

FPJ BureauUpdated: Thursday, May 30, 2019, 06:20 AM IST
article-image

New Delhi : Ahead of the next monetary policy review, Reserve Bank Governor Urjit Patel on Friday called on Finance Minister Arun Jaitley and believed to have discussed various macro-economic issues.

RBI Governor usually meets Finance Minister before the monetary policy review. The six-member Monetary Policy Committee (MPC) of the RBI headed by Patel will meet on June 6 and 7 for the Second Bi- monthly Monetary Policy Statement for 2017-18. The resolution of the MPC will be placed on the website in the afternoon of June 7, the central bank said in a statement, reports PTI. Before meeting Jaitley, Patel had a meeting with Economic Affairs Secretary Tapan Ray.

The MPC will be meeting in the backdrop of India’s economic growth slowing to 7.1 per cent in 2016-17. Trade and industry is keenly awaiting the MPC decisions  on interest rate. On April 6, the Reserve Bank had left its benchmark lending rate unchanged at 6.25 per cent for the third monetary policy review in a row citing upside risk to inflation.

RECENT STORIES

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu..."; Here's How To Save...

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu...

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

A Big Relief For Byju's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29 Amid...

A Big Relief For Byju's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29 Amid...