India defers interest rate decision as nation mourns celebrated singer Lata Mangeshkar | Fin24

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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.

Mangeshkar, known as the 'Nightingale of India', received her home country’s highest civilian award during a career spanning more than six decades, as well as love and respect for her music from across the subcontinent. She had been hospitalized since January 8 after testing positive for Covid-19.

 

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