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RBI Moves August Monetary Policy Meeting to August 4–6

Issued under Section 45ZI(4) of the RBI Act, it addresses administrative scheduling requirements for the panel led by Governor Sanjay Malhotra.

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Overview

  • RBI advanced the session by one day, shifting the August MPC meeting from August 5–7 to August 4–6, 2025.
  • The change was announced on June 6, 2025, with the central bank attributing it to administrative exigencies.
  • The notice invokes Section 45ZI(4) of the Reserve Bank of India Act, 1934, as the statutory basis for rescheduling.
  • The six-member committee comprises Governor Sanjay Malhotra, Deputy Governor Poonam Gupta, Executive Director Rajiv Ranjan and external members Nagesh Kumar, Ram Singh and Saugata Bhattacharya.
  • The original August 5–7 dates were unveiled on March 26, making this the first calendar adjustment since that announcement.