Indranil Bhattacharyya set to replace Rajiv Ranjan in RBI’s Monetary Policy Committee: report

Indranil Bhattacharyya, Executive Director of RBI's Monetary Policy Department, is said to join the Monetary Policy Committee (MPC), replacing Rajiv Ranjan, as reported by ET Now, citing sources.

Indranil Bhattacharyya was appointed as the Executive Director of RBI's Monetary Policy Department on March 19, 2025.

He is said to replace Rajiv Ranjan, who has been shifted to lead the Department of Economic & Policy Research, ET Now reported.


It also reported that the central bank's board is expected to approve Bhattacharyya's nomination in its upcoming meeting.

Besides Rajiv Ranjan, other MPC members include Governor Sanjay Malhotra and Deputy Governor Poonam Gupta.