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RBI board reviews economic outlook; global and domestic challenges discussed, new MPC nomination cleared

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RBI board reviews economic outlook; global and domestic challenges discussed, new MPC nomination cleared

The Reserve Bank of India’s central board on Friday took stock of the evolving global and domestic economic landscape, including geopolitical risks and financial market trends, during its 618th meeting held in Lucknow.The meeting, chaired by RBI Governor Sanjay Malhotra, also reviewed the performance of select central office departments, various board committees, and the Ombudsman Scheme, the RBI said in a statement, PTI reported.“The Board approved the nomination of Indranil Bhattacharyya, Executive Director, as an ex officio member of the Monetary Policy Committee,” the statement added.Deputy governors M Rajeshwar Rao, T Rabi Sankar, Swaminathan J and Poonam Gupta attended the session.Among other directors present were Nagaraju Maddirala, Secretary, Department of Financial Services; Anuradha Thakur, Secretary, Department of Economic Affairs; Satish K Marathe; Revathy Iyer; Sachin Chaturvedi; Anand Gopal Mahindra; Pankaj Ramanbhai Patel; and Ravindra H Dholakia.





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