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Reserve Bank’s central board meeting amid hike in commodity prices

Mumbai, May 2 (PTI) The Central Board of the Reserve Bank of India (RBI) met on Monday amid the geopolitical crisis and rising commodity prices.

The central bank said in a statement that the 595th meeting of the Central Board of Directors of the Reserve Bank was held under the leadership of Governor Shaktikanta Das through online medium.

Without divulging the agenda, the statement said the Board of Directors has approved the nomination of Executive Director Rajeev Ranjan as ex-officio member of the Monetary Policy Committee.

Economic Affairs Secretary Ajay Seth also participated in this meeting along with deputy governors and members of the board of directors.

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