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Will 'FinMin-insider' Shaktikanta Das be able to preserve RBI's autonomy?

Das, a career bureaucrat, is seen as someone who can ease tensions with the state, prompting a mixed reaction from markets

Shaktikanta Das
Shaktikanta Das

India’s new central bank governor has a list of challenges to face as he takes office: from fixing a banking crisis to convincing investors of the institution’s autonomy. Shaktikanta Das, 61, 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 ...