RBI's second bi-monthly monetary policy meet date revised; here are the new dates

The Reserve Bank of India (RBI) on Wednesday outed a revised meeting schedule for monetary policy committee (MPC) which usually meets to decide India’s policy factors like inflation, global factors, liquidity surplus and GVA. In a notification RBI says, “ Owing to certain administrative exigencies, the Second Bi-monthly Monetary Policy meeting for 2018-19 will now be held on June 4-6, 2018 instead of on June 5-6.”

As per Section 45ZI (1) and (2) of Reserve Bank of India Act, 1934, the Reserve Bank shall organize at least four meetings of the Monetary Policy Committee in a year and the meeting schedule of the Monetary Policy Committee for a year shall be published at least one week before the first meeting in that year.

Therefore on March 21, 2018, RBI released a list of MPC meeting schedule, where they were earlier suppose to meet on June 05 - 06 for deciding second bi-monthly monetary policy of FY19. 

Interestingly, usually RBI’s monetary policy is done in two days, this would be first time when RBI will take three-days time in deciding the policy. 

However on the website, it is mentioned that the documents of second bi-monthly monetary policy will be released on June 06 for India. 

There is no change in the dates of all other MPC meetings for the year 2018-19.