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Extension given to the RBI governor is good for the markets

While it is true that institutions are more important than the person, ideology and approach of Governors of central banks are important

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Shaktikanta Das | RBI | RBI Governor

Madan Sabnavis  |  Mumbai 



Madan Sabnavis, chief economist, CARE Ratings (Photo: PHOTO CREDIT: Kamlesh Pednekar)
Madan Sabnavis, chief economist, CARE Ratings (Photo: PHOTO CREDIT: Kamlesh Pednekar)

The extension given to Mr. Shaktikanta Das, the governor of Reserve Bank of India (RBI) is good news for the market, as the economy is in the preparation mode for a takeoff. The government has quite rightly made the announcement before the term came to an end so that there is certainty on all sides. From a market perspective, this means that the mindset of the Governor is known and there will be no surprises, which could have been the case in case of a change.

Disclaimer: Views expressed are personal. They do not reflect the view/s of Business Standard.

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First Published: Fri, October 29 2021. 12:03 IST

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