India Mourns Lata Mangeshkar's death, RBI Reschedules Meet

India’s central bank has rescheduled its monetary policy committee meeting by a day to February 8-10, it said in a statement on Sunday, citing a public holiday in the state of Maharashtra to mourn the death of Bollywood singer Lata Mangeshkar.

The Reserve Bank of India’s decision on key interest rates, scheduled for Wednesday, is now expected on Thursday.

RBI also said there will be no transactions in government securities, foreign exchange, money markets and Rupee Interest Rate Derivatives on Monday, February 7.

Mangeshkar, one of India’s best known cultural icons and a singer who defined music for generations, died on Sunday and was given a state funeral.

Reuters with additional editing by Sean OMeara

India to Tax Crypto, Plans Central Bank Digital Currency

India Steps Up Infrastructure Spending to Boost Growth

India’s Bad Loans Set to Rise Again in 2022 – Deccan Herald

Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.