RBI board reviews economic outlook; global and domestic challenges discussed, new MPC nomination cleared

During its 618th meeting in Lucknow, the RBI's central board assessed the global and domestic economic situation, considering geopolitical risks and financial market trends. The board reviewed the performance of key departments, committees, and the Ombudsman Scheme. Indranil Bhattacharyya, Executive Director, was approved as an ex officio member of the Monetary Policy Committee.