IANS | 31 Oct, 2022
Even as the RBI's monetary policy committee (MPC) is scheduled to meet
on November 3 to discuss its report to the government as inflation
continues to remain beyond its comfort zone, the central bank's board on
Monday reviewed the current economic scenario.
The RBI board deliberated on the challenges faced by the country owing to the prevailing geo-political scenario.
"The
598th meeting of the central board was held under the chairmanship of
Governor Shaktikanta Das," the RBI said in a statement.
"The
board in its meeting reviewed the current economic situation, global and
domestic challenges including the overall impact of current global
geopolitical crises," it added further.
With retail inflation
remaining above its 2 per cent to 6 per cent tolerance limit for the
past nine months, the RBI's MPC will meet on November 3 to deliberate
upon the issue.
