The Reserve Bank of India said Malhotra, a former revenue secretary, will formulate India’s monetary policy for the next three years. He succeeds Shaktikanta Das, who retired as

Shaktikanta Das highlights the Digital Rupee’s potential to revolutionize India’s economy as he bids farewell as RBI governor.

RBI Governor Shaktikanta highlights the potential of CBDC in shaping India's economic future, the progress of the digital rupee pilot project

As Shaktikanta Das finishes up his tenure as India’s central bank governor, handing over the reins to a career bureaucrat, many have praised his performance as a relative outsider who leaned on diplomacy to propel the world’s fastest-growing major economy to new heights.

The new governor of the Reserve Bank of India brings a pro-growth sensibility to the position that raises the likelihood of lower benchmark policy rates early next year.