Economist Poonam Gupta will unlikely participate in the April Monetary Policy Committee meeting as Deputy Governor. The irony is hard to miss—Gupta, who is meant to oversee the Reserve Bank of India’s monetary policy department, will sit out the very meeting where the stance itself may shift.With her formal assumption still pending and no announcement from the RBI on portfolio reallocation, Deputy Governor M. Rajeshwar Rao is expected to continue holding monetary policy as an additional charge.
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