Thursday, 12 December 2024

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India replaces central bank governor in a surprise move

 Published: 12:04, 10 December 2024

India replaces central bank governor in a surprise move

India has appointed career civil servant Sanjay Malhotra as its new central bank governor in a surprise move that leaves markets guessing about the future direction of monetary policy.

Financial markets had expected the Reserve Bank of India’s current Governor Shaktikanta Das to be handed a second extension when his term ends on Tuesday.

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