The Central Board of Directors of Reserve Bank of India (RBI) has approved nomination of Rajiv Ranjan as ex-officio member of Monetary Policy Committee (MPC).
Prior to this, he was an advisor in-charge in the monetary policy department, before he was elevated as an executive director. MPC is a 6-member body and is headed by RBI governor. There are 3 members from RBI and 3 members nominated by Govt.
Governor of RBI: Shaktikanta Das.
