Sanjay Malhotra, a 1990-batch IAS officer, is appointed as the new RBI Governor, replacing Shaktikanta Das. His leadership comes at a pivotal economic moment
For the second consecutive term, the government has chosen a career bureaucrat, not an economist, for RBI governor, reflecting Shaktikanta Das’ success
Das’ tenure, marked by the pandemic, saw emergency measures for financial stability, with critical roles in inflation and external-sector management
RBI faced criticism for underestimating inflation but its timely policy tightening and commitment to disinflation were key achievements
Despite global volatility and a depreciating rupee, RBI’s interventions ensured currency market stability and managed capital inflows effectively
Malhotra must balance currency market interventions and avoid volatility, while his stance on cryptocurrencies will be closely watched