The major participants in the decision-making process are the Governing Council, the Monetary Policy Review Committee (MPRC) and the four economics departments at the Bank. The Governing Council, ...

Monetary Policy Committee (MPC) has been instituted by the Central Government of India under Section 45ZB of the RBI Act that was amended in 1934. MPC had its first meeting for two days on October ...

The RBI monetary policy committee (MPC) consists of six members — three from the RBI, including the Governor, and three external members appointed by the Central Government. The main objective ...