Welcome to RBI, Governor Malhotra

RBI SHOULD MANAGE THE FX MARKET IN A WAY THAT PERMITS HIGHER VOLATILITY

- JAMAL MECKLAI

HAVE BEEN interacting with Reserve Bank of India (RBI) for nearly 40 years, beginning with another Governor Malhotra back in 1986, and so I thought I could be forward enough to welcome you. To be sure, RBI is a completely different creature than it was back then, and more power to all the Governors and, no less, the smart and really committed staff for bringing it to where it is today.

Of course (as they say), a mother's work is never done-and so, too, is the case with RBI. You have doubtless a long list of areas that you need to/want to address and there are many skilled people around who will support you as you go forward.