The Appointments Committee of Cabinet (ACC) has approved the appointment of the former Chief Economic Advisor (CEC) Dr. Krishnamurthy Subramaniam to the post of Executive Director (India) at the International Monetary Fund (IMF).
Reserve Bank of India (RBI) Governor Shaktikanta Das-chaired Monetary Policy Committee (MPC) raised the repo rate by 50 basis points (bps) to 5.40 percent.