Sanjay Malhotra Takes Over as RBI Governor Amid Economic Slowdown and Rising Inflation

#India#Central Bank#Fii Buying#Monetary Policy#Economic Stability#Cpi Inflation#Inflation#Economic Growth#Rbi#Indian Rupee

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Sanjay Malhotra appointed as India's new central bank governor, succeeding Shaktikanta Das.
India's GDP growth slowed to 5.4%, the weakest in seven quarters.
Inflation rose to 6.21% in October, driven by vegetable price increases.
Malhotra faces pressure to ease policy rates to support growth.
RBI maintained interest rates at 6.5% and reduced cash reserve ratio to 4%.
GDP growth forecast revised down from 7.2% to 6.6% for the fiscal year.
Decline in GDP attributed to slowdown in specific manufacturing sectors.

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Malhotra Highlights Policy Stability as New RBI Governor

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New RBI Governor Sanjay Malhotra emphasizes policy stability in Mumbai
Malhotra's appointment has surprised markets, raising monetary policy speculation
Interest rates remain unchanged while easing banking system liquidity
Malhotra: We continue to uphold this value, this principle of stability

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582+ Words Refined into 5 Facts by AI • 1 source • 18h ago

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The Indian Rupee (INR) is nearing a record low.
Decline attributed to sharp drop in the Chinese Yuan.
Increased demand for US Dollar (USD) from importers.
Traders expect key economic data to influence market sentiment.
Foreign Institutional Investors (FIIs) sold shares worth Rs 1,012.24 crore.
Indian Chief Economic Advisor Anantha Nageswaran predicts 6.5-7% growth in FY25.
Economists forecast a 25 bps cut in repo rate at Malhotra's first MPC meeting.
US CPI inflation rose to 2.7% YoY in November.
USD/INR pair shows a bullish trend above key EMA.

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