Tag: RBI governor Sanjay Malhotra

New RBI governor Sanjay Malhotra MUMBAI: RBI's incoming governor Sanjay Malhotra faces the challenge of balancing economic growth, inflation, and exchange rate stability - a battle that outgoing governor Shaktikanta Das was still fighting. At the same time, he has to deal with regulatory reforms affecting bank lending, curbing digital fraud, and addressing retail financial product mis-selling. The rupee has come under severe pressure following the US elections, with the dollar gaining strength and FPIs selling stocks. At the same time, senior ministers in govt have called for softer interest rates to support investments.For a central banker, the concept of the impossible trinity refers to the idea that they cannot pursue independent monetary policy, manage the exchange rate, and allow free...