Princeton-educated Malhotra, 56, will helm the RBI as slowing economic growth and persistent inflation create a rift between the views of the government and the central bank on the need for lower interest rates.
"Under Das' leadership, we had forecast that cuts to the repo rate would only begin in April," said Shilan Shah of Capital Economics.
"But given the announcement, we are now forecasting the first 25-basis-point cut at Malhotra's first meeting in charge in February."
Denne historien er fra December 11, 2024-utgaven av Financial Express Hyderabad.
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Denne historien er fra December 11, 2024-utgaven av Financial Express Hyderabad.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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SBI chief Setty may head IBA
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Set yourself free from wires
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A lot can happen over lunch
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SpiceJet spreads wings with expanded fleet
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