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New RBI governor says need to ensure stability, continuity in policy
Mint Mumbai
|December 12, 2024
Malhotra stressed the central bank will continue interacting with regulators, state governments and the Centre
The new Reserve Bank of India governor Sanjay Malhotra has started out by emphasizing the need to ensure stability and continuity in policy making, while remaining "alert and agile" amid the current global and political uncertainties.
"All businesses, all people, they do need this (policy) continuity and stability rather than a day-to-day kind of a policy," Malhotra said at his first press conference after taking charge as the RBI governor on Wednesday. "As we have to be conscious of the fact that we do maintain continuity and stability, we cannot be stuck to it, and we have to be alert and agile to meet challenges."
Malhotra was the revenue secretary before replacing Shaktikanta Das as the 26th RBI governor.
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