<p>Mumbai: The Reserve Bank of India (RBI) on Wednesday announced the schedule for the bi-monthly monetary policy committee meetings for the new fiscal.</p>.<p>The first meeting will be held from April 3-5, while the next will start on June 5, as per an official statement.</p>.<p>Typically, the six-member panel votes on a resolution on the third day of the meeting and the governor announces the decision in the first half of the day after the vote is completed.</p>.<p>The first two days of the meeting are devoted to deliberations and presentations by subject matter experts to the panel.</p>.RBI branches, agency banks to remain open on March 30, 31.<p>The second bi-monthly policy review meeting will end on June 7, the statement said, adding that this will be followed by three-day meetings in August, October, December, and February.</p>.<p>The six-member panel headed by the governor has three external members. It can be noted that Shaktikanta Das' term as the RBI Governor is set to end in December this year.</p>.<p>The MPC has been consistent in holding on to the elevated interest rates and has maintained the stance at withdrawal of accommodation for many reviews now.</p>.<p>The recent cool off in inflation, coupled with the need to support growth, has led to expectations of a change in stance to neutral and even a rate cut.</p>
<p>Mumbai: The Reserve Bank of India (RBI) on Wednesday announced the schedule for the bi-monthly monetary policy committee meetings for the new fiscal.</p>.<p>The first meeting will be held from April 3-5, while the next will start on June 5, as per an official statement.</p>.<p>Typically, the six-member panel votes on a resolution on the third day of the meeting and the governor announces the decision in the first half of the day after the vote is completed.</p>.<p>The first two days of the meeting are devoted to deliberations and presentations by subject matter experts to the panel.</p>.RBI branches, agency banks to remain open on March 30, 31.<p>The second bi-monthly policy review meeting will end on June 7, the statement said, adding that this will be followed by three-day meetings in August, October, December, and February.</p>.<p>The six-member panel headed by the governor has three external members. It can be noted that Shaktikanta Das' term as the RBI Governor is set to end in December this year.</p>.<p>The MPC has been consistent in holding on to the elevated interest rates and has maintained the stance at withdrawal of accommodation for many reviews now.</p>.<p>The recent cool off in inflation, coupled with the need to support growth, has led to expectations of a change in stance to neutral and even a rate cut.</p>