Date:21/07/2005 URL: http://www.thehindubusinessline.com/2005/07/21/stories/2005072101930600.htm

Back RBI panel meets

Our Bureau

Mumbai , July 20

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.