July 27 (Reuters) – India’s central bank will undertake mid-quarter policy reviews, it said in its first quarter review on Tuesday.
The mid-cycle reviews, due in June, September, December and March months are intended to take the surprise element out of off-cycle actions, it said.
The next mid-quarter policy review will be held on Sept 16 and the next quarterly review will be done on Nov. 2. The mid-quarter policy reviews will be released via a press release, the central bank said.
(Reporting by Boby Michael; Editing by Ramya Venugopal)