Sanjay Malhotra, governor of the Reserve Bank of India (RBI), during a news conference in Mumbai, India, on Wednesday, Dec. 11, 2024.
India's newly-appointed central bank governor Malhotra said he will look to uphold stability and continuity in policy in his role.
The government's latest move to replace Reserve Bank of India (RBI) Governor Shaktikanta Das with Sanjay Malhotra appears to be a calculated, yet subtle, way to address the weakness in India's economy.
However, he underscored the key role that stability, trust and growth hold in guiding the central bank's decisions.
"On day one it may not be appropriate to start with bouncers, googlies and yorkers," the 26th RBI governor said in a live press conference on Wednesday.
Persons:
Sanjay Malhotra, Malhotra, Dhiraj Singh, Narendra Modi, Modi, Hong Kong's, Shaktikanta Das, Das, Shah, Amrit Kaal, Bharat
Organizations:
Reserve Bank of India, Bloomberg, Getty, Fort, Ministry of Finance, Capital Economics
Locations:
Mumbai, India, India's, CNBC's