Friday 19 April 2019
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business-standard - 25 days ago

RBI governor meets Arun Jaitley ahead of monetary policy

Reserve Bank of India (RBI) Governor Shaktikanta Das Monday met Finance Minister Arun Jaitely, and is believed to have discussed the current economic situation, ahead of the first bi-monthly monetary policy for 2019-20. The meeting of the six-member Monetary Policy Committee (MPC) to decide on the first bi-monthly policy statement for 2019-20 will be held from April 2 to 4. The policy will be announced on April 4. It was a courtesy meeting, there is a tradition of RBI Governor meeting the Finance Minister before monetary policy, so it is part of that, Das told reporter after the meeting. The bi-monthly policy assumes significance as it will be announced just a week before the commencement of the seven-phase general elections beginning April 11. According to sources, economic issues were discussed during the meeting. While the RBI cut the interest rate in its February monetary policy after a gap of 18 months, industry has started clamouring for another rate cut as retail inflation is


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