Ahead of the next monetary policy review, Reserve Bank Governor Urjit Patel on Friday called on Finance Minister Arun Jaitley and believed to have discussed various macro-economic issues.
RBI Governor usually meets Finance Minister before the monetary policy review.
The six-member Monetary Policy Committee (MPC) of the RBI headed by Patel will meet on June 6 and 7 for the Second Bi- monthly Monetary Policy Statement for 2017-18.
The resolution of the MPC will be placed on the website in the afternoon of June 7, the central bank said in a statement.
Before meeting Jaitley, Patel had a meeting with Economic Affairs Tapan Ray.
The MPC will be meeting in the backdrop of India’s economic growth slowing to 7.1 per cent in 2016-17.
Trade and industry is keenly awaiting the MPC decisions on interest rate.