'RBI reviewing monetary policy framework change'

Top Stories

»	India’s total exports surge 11.37 pc to $232.73 billion in April-June despite global shocks
»	India’s merchandise exports rise 15.5 pc to $40.41 billion in June
»	Markets open lower as Brent crude nears $80 amid escalating West Asia crisis
»	More than 1.7 crore taxpayers file ITRs for AY 2026-27 so far: I-T Dept
»	Sensex, Nifty end 1 pc higher as IT, financial stocks rally

SME Times News Bureau | 15 Feb, 2020
The Reserve Bank of India is currently examining if there is a need to bring any change in the monetary policy framework and that, if required, it will talk to the government, Governor Shaktikanta Das said on Saturday.

"The monetary policy framework is in operation for the last three years. We are reviewing and analysing it internally as to how the MPC framework has worked. At an appropriate time, if required, we'll have discussion with the government," said the RBI governor at a media conference after he met the Finance Minister on the customary Budget briefing.

"At the moment it (the framework) is under review within RBI," he said.

On February 6, the six-member Monetary Policy Committee (MPC) headed by Das, for the second meeting in a row, kept repo rate unchanged at 5.15 per cent but maintained the accommodative policy stance, which implies it was biased in favour of cutting rate to boost growth.

At present, the Monetary Policy Committee meets every two months to discuss the economy.