India’s new central bank governor takes over as economic growth slows and inflation rises ...Middle East

NEW DELHI (AP) — Sanjay Malhotra, a career civil servant, became India’s new central bank governor on Wednesday as the country’s economic growth slows and inflation is rising. The Reserve Bank of India said Malhotra, a former revenue secretary, will formulate India’s monetary policy for the next three years. He succeeds Shaktikanta Das, who retired as RBI governor after an extended six-year term. GDP growth slowed to 5.4% in the quarter ending in September, the weakest level in seven quarters, while inflation in October rose above the central bank’s 6% tolerance band to 6.21%, driven by a rapid rise in vegetable prices. “Malhotra takes over at a time when there is a growing clamor for the R

Read More Details
Finally We wish PressBee provided you with enough information of ( India’s new central bank governor takes over as economic growth slows and inflation rises )

Also on site :

• Term Sheet Next: How Facebook’s former chief revenue officer is coaching the next generation of startup founders
• Popular Dunkin’ Menu Item Gets a ‘Glow-Up’ in Limited-Edition Release
• Germany: Life imprisonment sentence for Syrian doctor Alaa Moussa