Unsure if monetary policy panel to set rates in August: Raghuram Rajan

The process to set up India`s monetary policy committee is ongoing and it is not clear if it will get to set interest rates at the central bank`s next policy review on Aug. 9, Reserve Bank of India (RBI) Governor Raghuram Rajan said according to TV channels.

Reuters| Updated: Jun 30, 2016, 12:08 PM IST
Unsure if monetary policy panel to set rates in August: Raghuram Rajan

Mumbai: The process to set up India's monetary policy committee is ongoing and it is not clear if it will get to set interest rates at the central bank`s next policy review on Aug. 9, Reserve Bank of India (RBI) Governor Raghuram Rajan said according to TV channels.

India is in the midst of putting in place a six-member monetary policy committee that will be tasked with deciding interest rates.