The Indian government has appointed Ram Singh, Saugata Bhattacharya and Nagesh Kumar as new members of the central bank's rate-setting monetary policy committee, it said in a statement on Tuesday.

India’s government appointed three new external members to the central bank’s committee that decides interest rates, just a few days before a scheduled policy meeting.

Government said on Tuesday it had appointed Ram Singh, Saugata Bhattacharya and Nagesh Kumar as new members of the central bank's rate-setting monetary policy committee. The three new external members have been appointed for a four-year term with immediate effect,

India's newly-appointed monetary policy committee members may see at least one dissenter calling for a rate cut when the group meets next week, several economists said in separate research notes this week.