Reserve Bank Governor Urjit Patel on Thursday met Finance Minister Arun Jaitley ahead of India’s first collective interest-rate decision on Tuesday. The October 4 monetary policy review will be the first under Patel and by the all-powerful interest-rate setting panel, whose constitution was notified by the Government. Patel, who took over as the RBI Governor from Raghuram Rajan on September 4, did not offer any comment on his meeting with Jaitley but it is said to be a customary pre-monetary policy meeting where macro-economic developments would have been discussed.
