RBI Governor Shaktikanta Das calls for 'frank discussions' with the govt

Shaktikanta Das said the RBI board meeting scheduled for Friday will be held as planned

New Reserve Bank of India (RBI) governor Shaktikanta Das said he will preserve the “core values” of the central bank, but called for “frank discussions” with the government.

Das a former economic affairs secretary at the Finance Ministry, took charge at the Reserve Bank of India for a three-year term on Wednesday, two days after Urjit Patel quit amid worries that the government was encroaching on the central bank’s turf. Das, a career bureaucrat, is seen as someone who can ease tensions with the state, prompting a mixed reaction from markets.