Mumbai, Jun 6 (PTI) The Reserve Bank on Friday said it has advanced its August Monetary Policy Committee (MPC) meeting by a day due to administrative exigencies.

As per the schedule announced on March 26, 2025, the MPC meeting in August was between August 5-7, the Reserve Bank of India (RBI) said in a statement.

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Due to administrative exigencies, the MPC meeting has been rescheduled to August 4-6, 2025, it said.

This announcement is made under Section 45ZI(4) of the Reserve Bank of India Act, 1934, it added.

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The six-member rate setting panel MPC is headed by RBI Governor Sanjay Malhotra.

The other members of the MPC are RBI Deputy Governor Poonam Gupta, RBI Executive Director Rajiv Ranjan. The three external members are Nagesh Kumar, Ram Singh, and Saugata Bhattacharya.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)