Rupee hits record low as appointment of new RBI Governor spurs repo rate cut bets
1 month ago

Rupee hits record low as appointment of new RBI Governor spurs repo rate cut bets

Live Mint  

Indian rupee weakened to a record low on Tuesday as the appointment of the new Reserve Bank of India Governor increased expectations of interest rate cuts next year. The local currency hit a record low of 84.80 in early trading, surpassing its previous all-time low of 84.7575 hit last week. A rate cut at the RBI's February monetary policy committee meeting is "now likely cemented", Nomura said. Rupee Outlook According to Amit Pabari, MD, CR Forex Advisors, while the rupee’s outlook leans towards growth, global uncertainties remain a key concern.

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History of this topic

Mint Primer: Why it will be a baptism by fire for new RBI Guv
3 weeks, 4 days ago

Mint Primer: Why it will be a baptism by fire for new RBI Guv

Live Mint  

On 11 December, Sanjay Malhotra, a career bureaucrat, took over as the 26th governor of the Reserve Bank of India. The government feels the slowdown is temporary but what should worry the new RBI governor more is the evolving stagflationary scenario—that’s slow growth accompanied by high inflation. Even before its previous meeting earlier this month, the Monetary Policy Committee which …

India’s new central bank governor takes over as economic growth slows and inflation rises
1 month ago

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

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sanjay Malhotra, a career civil …

Sanjay Malhotra takes charge as India’s central bank chief amid rate cut speculation
Top News
1 month ago

Sanjay Malhotra takes charge as India’s central bank chief amid rate cut speculation

Firstpost  

Sanjay Malhotra took charge as the 26th Governor of Reserve Bank of India. He assumes the crucial post at a very critical juncture, where growth and inflation balance has ‘unsettled’ as per his predecessor Shaktikanta Das Sanjay Malhotra takes charge as the 26th Governor of Reserve Bank of India. Sanjay Malhotra took charge as the 26th Governor of the Reserve …

Sanjay Malhotra takes charge as RBI Governor
Trending News
1 month ago

Sanjay Malhotra takes charge as RBI Governor

Deccan Chronicle  

Sanjay Malhotra on Wednesday took charge as the 26th Governor of the Reserve Bank of India. Malhotra, a career bureaucrat, arrived at the central bank's headquarter this morning, where he was welcomed by senior RBI staffers.The central bank confirmed Malhotra's appointment through a post on the microblogging site "X" and also shared a few pictures.Malhotra, who recently served as the …

RBI's New Era: Sanjay Malhotra Assumes Office As New Governor
Trending News
1 month ago

RBI's New Era: Sanjay Malhotra Assumes Office As New Governor

ABP News  

Sanjay Malhotra took office as the 26th Governor of the Reserve Bank of India on Wednesday. Malhotra has stepped into the role at a time when India's economy faces slowing growth and persistent inflation, with differing views emerging between the central government and the RBI on the necessity of lowering interest rates. Bond yields dropped, and the rupee weakened after …

India’s new central bank governor takes over as economic growth slows and inflation rises
1 month ago

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

Associated Press  

NEW DELHI — India got a new central bank governor on Wednesday as the country’s economic growth slows and inflation surges. Sanjay Malhotra, a career civil servant, was appointed to a three-year term as head of the Reserve Bank of India, succeeding Shaktikanta Das, who retired as central bank governor after an extended six-year term. In a brief statement Wednesday, …

Rupee falls 2 paise to all-time low of 84.87 against U.S. dollar in early trade
1 month ago

Rupee falls 2 paise to all-time low of 84.87 against U.S. dollar in early trade

The Hindu  

The rupee fell 2 paise to all-time low of 84.87 against the U.S. dollar in early trade on Wednesday, amid rising expectations of a shift in the Reserve Bank’s monetary policy stance post the appointment of Sanjay Malhotra as the new RBI Governor. At the interbank foreign exchange, the rupee opened at 84.87, its all-time low against the greenback, registering …

Rupee likely to maintain downward drift, RBI counted on to cap losses
1 month ago

Rupee likely to maintain downward drift, RBI counted on to cap losses

Live Mint  

By Jaspreet Kalra MUMBAI, Dec 11 - Headwinds for the Indian rupee are likely to persist on Wednesday amid ongoing strength in the U.S. dollar and a lingering bearish bias on the local currency that may push it to another lifetime low, but traders expect the central bank's intervention to limit sharp losses. The rupee came under pressure on Tuesday …

Sanjay Malhotra to assume office as 26th RBI Governor amid inflation concerns today
Top News
1 month ago

Sanjay Malhotra to assume office as 26th RBI Governor amid inflation concerns today

India TV News  

Sanjay Malhotra, a veteran of the Indian Administrative Service officer who served in Rajasthan cadre in the 1990s, is set to assume charge as the 26th Governor of the Reserve Bank of India on Wednesday. Direct transition from north section Malhotra will be the first RBI Governor after Duvvuri Subbarao who moved directly from the North Block, the seat of …

What challenges await Sanjay Malhotra as he takes charge as RBI Governor?
1 month ago

What challenges await Sanjay Malhotra as he takes charge as RBI Governor?

India Today  

Sanjay Malhotra took charge as the 26th RBI Reserve Bank of India, beginning his three-year tenure on Wednesday, as he steps into a crucial role with several pressing challenges ahead. "The new RBI governor, Sanjay Malhotra, has several challenges ahead in his tenure, particularly those related to inflation and India’s economic growth," said VLA Ambala, Co-Founder of Stock Market Today. …

Sanjay Malhotra to command last leg of RBI’s war on inflation
1 month ago

Sanjay Malhotra to command last leg of RBI’s war on inflation

Hindustan Times  

New Delhi: The war on inflation has a new general leading the charge, as India’s top revenue officer Sanjay Malhotra moves from North Block to Mint Road. Malhotra, who currently oversees the Centre’s direct and indirect tax administration, will serve for three years beginning Tuesday, the appointments committee comprising Prime Minister Narendra Modi and home minister Amit Shah said. Like …

Will work to understand all perspectives, do what's best for economy: RBI Governor-designate Sanjay Malhotra
1 month ago

Will work to understand all perspectives, do what's best for economy: RBI Governor-designate Sanjay Malhotra

The Hindu  

Revenue Secretary Sanjay Malhotra on Tuesday said he will work to understand all perspectives and do what is best for the economy after he takes charge as the RBI Governor on December 11. Responding to reporters' queries outside the Finance Ministry, Mr. Malhotra said, "One has to understand the turf, all perspectives and do what's best for the economy." Mr. …

3 big challenges Sanjay Malhotra will face as RBI governor
1 month ago

3 big challenges Sanjay Malhotra will face as RBI governor

Firstpost  

Revenue Secretary Sanjay Malhotra is all set to succeed Shaktikanta Das as the Reserve Bank of India governor. As Malhotra begins his three-year tenure begins tomorrow, a look at three big challenges that he will face as India’s central bank head Sanjay Malhotra will assume charge as the 26th governor of the Reserve Bank of India. Challenges before Sanjay Malhotra …

One RBI Governor to another: What Shaktikanta Das had to say on Sanjay Malhotra
Top News
1 month ago

One RBI Governor to another: What Shaktikanta Das had to say on Sanjay Malhotra

India Today  

Outgoing Reserve Bank of India Governor Shaktikanta Das shared his thoughts on his successor, Sanjay Malhotra, during a press conference held on his final day in office. Shaktikanta Das spoke highly of Sanjay Malhotra, who is set to take over as the new RBI Governor for a three-year term, effective Wednesday, December 11. COORDINATION WITH THE FINANCE MINISTRY Shaktikanta Das …

Immensely grateful: Shaktikanta Das thanks PM Modi on last day as RBI Governor
1 month ago

Immensely grateful: Shaktikanta Das thanks PM Modi on last day as RBI Governor

India Today  

Shaktikanta Das, the outgoing Governor of the Reserve Bank of India, expressed gratitude to Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman, and the central bank team on his last day in office. Das also highlighted his working relationship with Sitharaman, and said, “The fiscal-monetary coordination was at its best and helped us deal with the multiple challenges during the …

Who is Sanjay Malhotra? 5 things to know about the new RBI Governor
1 month ago

Who is Sanjay Malhotra? 5 things to know about the new RBI Governor

India Today  

The Reserve Bank of India will welcome its 26th Governor on December 11, as Sanjay Malhotra officially takes charge. Shaktikanta Das, known for steering the RBI through critical phases, leaves the post after maintaining steady interest rates for nearly two years amid inflation concerns. FIVE KEY FACTS ABOUT THE NEW RBI CHIEF, SANJAY MALHOTRA Sanjay Malhotra is a 1990-batch Indian …

Sanjay Malhotra's focus as RBI Governor: 3 key areas to watch out for
1 month ago

Sanjay Malhotra's focus as RBI Governor: 3 key areas to watch out for

India Today  

Sanjay Malhotra, the new Reserve Bank of India Governor, assumes charge at a time when economic challenges demand fresh perspectives. Analysts at Nomura anticipate a rate cut at the February Monetary Policy Committee meeting, possibly by 25 basis points, with further cuts totalling 100 basis points by the end of 2025. Macroprudential policies: Encouraging bank credit growth Malhotra’s background in …

Sanjay Malhotra to command last leg of RBI’s war on inflation
1 month ago

Sanjay Malhotra to command last leg of RBI’s war on inflation

Live Mint  

The war on inflation has a new general leading the charge, as India's top revenue officer Sanjay Malhotra moves from North Block to Mint Road. Malhotra, who currently oversees the Centre's direct and indirect tax administration, will serve for three years beginning Tuesday, the appointments committee comprising Prime Minister Narendra Modi and home minister Amit Shah said. A Reuters report …

Sanjay Malhotra appointed India’s 26th RBI Governor. Who is he?
1 month ago

Sanjay Malhotra appointed India’s 26th RBI Governor. Who is he?

Firstpost  

The Centre has appointed Revenue Secretary Sanjay Malhotra as the 26th Reserve Bank of India governor. He has a Bachelor’s degree in computer science from IIT Kanpur and a Master’s degree in public policy from the prestigious Princeton University The government has appointed Sanjay Malhotra as the new RBI Governor. Appointments Committee of the Cabinet has appointed Revenue Secretary Sanjay …

Who is Sanjay Malhotra? All you need to know about new RBI governor succeeding Shaktikanta Das
Top News
1 month ago

Who is Sanjay Malhotra? All you need to know about new RBI governor succeeding Shaktikanta Das

Live Mint  

Revenue Secretary Sanjay Malhotra was appointed as the next Governor of the Reserve Bank on Monday for a period of three years. He will take over the top post later this week — after the six-year term of Shaktikanta Das ends on December 10. However, growth slowed down to a seven-quarter low of 5.4 per cent in the July-September period …

Who is Sanjay Malhotra, Centre's pick as RBI governor?
1 month ago

Who is Sanjay Malhotra, Centre's pick as RBI governor?

Hindustan Times  

The Union government on Monday appointed revenue secretary Sanjay Malhotra as the next governor of the Reserve Bank of India for a three-year term. Malhotra will succeed Shaktikanta Das, who has served as the head of India's central bank for six years. Before his term as the revenue secretary, Malhotra served as the Secretary of the Department of Financial Services …

New RBI Governor: Meet Sanjay Malhotra, IIT-Kanpur Grad Who Pursued Public Policy, Set To Replace Shaktikanta Das
1 month ago

New RBI Governor: Meet Sanjay Malhotra, IIT-Kanpur Grad Who Pursued Public Policy, Set To Replace Shaktikanta Das

ABP News  

The central government announced on Monday the appointment of revenue secretary Sanjay Malhotra as the new Governor of the Reserve Bank of India, replacing Shaktikanta Das with a three-year term starting from December 11, 2024. Das, who was appointed as the 25th RBI Governor on December 12, 2018, took office following Urjit Patel's sudden resignation. Before being appointed RBI Governor, …

New RBI Governor: Revenue Secretary Sanjay Malhotra To Replace Shaktikanta Das
1 month ago

New RBI Governor: Revenue Secretary Sanjay Malhotra To Replace Shaktikanta Das

ABP News  

The government announced on Monday that Sanjay Malhotra, currently the revenue secretary for the government of India, will take over as the governor of the Reserve Bank of India. Malhotra, an experienced bureaucrat, will assume the role of the 26th Governor of the Reserve Bank of India, succeeding Shaktikanta Das, whose term concludes on Tuesday. Shaktikanta Das Meanwhile, before Shaktikanta …

Revenue secretary Sanjay Malhotra appointed as new RBI governor
1 month ago

Revenue secretary Sanjay Malhotra appointed as new RBI governor

Hindustan Times  

Revenue secretary Sanjay Malhotra has been appointed as the new Reserve Bank of India governor, an official notification from the Centre's cabinet committee stated on Monday. Malhotra, a 1990 batch Rajasthan cadre IAS Officer, will replace Shaktikanta Das, whose tenure comes to an end on Tuesday. Union revenue secretary Sanjay Malhotra is new RBI governor In his career of over …

India appoints Revenue Secretary Sanjay Malhotra as New RBI Governor
1 month ago

India appoints Revenue Secretary Sanjay Malhotra as New RBI Governor

Live Mint  

India on Monday appointed Revenue Secretary Sanjay Malhotra as new Governor of the Reserve Bank of India. The Appointments Committee of the Cabinet has appointed Sanjay Malhotra as the next RBI Governor for a three-year term beginning from December 11, 2024, according to the official notification. Sanjay Malhotra will be the 26th Reserve Bank of India governor, succeeding Shaktikanta Das. …

Sanjay Malhotra, Revenue Secretary, appointed by Modi government as next RBI Governor
1 month ago

Sanjay Malhotra, Revenue Secretary, appointed by Modi government as next RBI Governor

India TV News  

RBI new governor: The Indian government has appointed Sanjay Malhotra as the 26th Governor of the Reserve Bank of India. He will take over as RBI Governor from Shaktikanta Das, whose tenure will be ending on December 10, 2024. Malhotra played key role in financial reforms With over 33 years of experience across sectors such as finance, taxation, and governance, …

Who is Sanjay Malhotra? Newly appointed RBI Governor replaces Shaktikanta Das
1 month ago

Who is Sanjay Malhotra? Newly appointed RBI Governor replaces Shaktikanta Das

India TV News  

Sanjay Malhotra was appointed as the Governor of the Reserve Bank of India on Monday, the Appointments Committee of the Cabinet in a statement informed. Malhotra a 1990 batch Indian Administrative Service officer from the Rajasthan cadre, will assume office from December 11, for the next three years, the RBI said in a statement. Revenue Secretary Malhotra will replace Shaktikanta …

Sanjay Malhotra appointed new RBI Governor, to succeed Shaktikanta Das
1 month ago

Sanjay Malhotra appointed new RBI Governor, to succeed Shaktikanta Das

India Today  

Sanjay Malhotra, a 1990-batch Indian Administrative Service officer, has been appointed as the new Governor of the Reserve Bank of India for three years by the Appointments Committee of the Cabinet. Currently serving as Revenue Secretary in the Ministry of Finance, Malhotra brings over 33 years of experience across key sectors, including finance, taxation, power, information technology, and mining. As …

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