RBI resumes consultations with stakeholders on policy making
28 March 2018 4:24 AM IST
New Delhi: The Reserve Bank of India (RBI) has resumed consultations with stakeholders, including bankers and business associations, to garner their views towards policy making decisions, according to top official sources.
The six-member Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, is to meet on April 4 and 5 to decide the first bi-monthly monetary policy of the next fiscal.
The sources said the RBI has re-started consultations with stakeholders, including bankers and business associations, to gather their views which could be possibly incorporated at the time of policy making.
One such meeting was held on Tuesday and more such meetings are likely, they added.
The views of the stakeholders would then be presented before the MPC in order to consider them at the time of policy making, they added.
For quite sometime, especially after the setting up of Monetary Policy Committee, the central bank had discontinued the process.
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