Economics

India Defers Rate Meet as Subcontinent Mourns Loved Singer

People gather to catch a glimpse of the funeral procession of late Bollywood singer Lata Mangeshkar in Mumbai, India, on Feb. 6, 2022.
Photographer: Sujit Jaiswal/AFP/Getty Images

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By Kartik Goyal

February 6, 2022 at 4:19 PM UTC

Updated on

February 7, 2022 at 4:45 AM UTC

This article is for subscribers only.

India’s central bank postponed its interest-rate review by a day as the nation and its neighbors mourn the death of celebrated singer Lata Mangeshkar.

The Reserve Bank of India’s monetary policy committee will now meet Feb. 8-10, the authority said in a statement late Sunday. Its decision will be announced Thursday.