The Hindu Business Line : RBI panel meets

THE Reserve Bank of India's Technical Advisory Committee (TAC) on Monetary Policy held its first meeting here today. The meeting was chaired by the Governor, Dr. Y.V Reddy.

A press release said the committee reviewed the macroeconomic developments in the context of the forthcoming first quarterly review of the Annual Policy Statement for the year 2005-06, scheduled for July 26, 2005.

The RBI had set up the advisory panel with external experts to r strengthen the consultative process in monetary policy.

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