India keeps markets guessing over key RBI positions

RBI watchers are getting anxious about who will decide interest rates in two week’s time, a crucial meeting as a wave of global easing kicks off. The contracts of three external members of the Reserve Bank of India’s monetary policy committee will expire on Oct 4, just days before the MPC is expected to meet and make its rate decision on Oct 9. A government-appointed selection panel hasn’t disclosed who the likely candidates are or when they will release the names of the new MPC members.