The RBI monetary policy committee (MPC) consists of six members — three from the RBI, including the Governor, and three external members appointed by the Central Government. The main objective ...

Kashyap, Anil, Jeremy Stein, and David Wilcox. "Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance: Reply." American Economic Review 86, no. 1 (January 1996): 310 ...