Sanjay Malhotra, a 1990-batch IAS officer, has been appointed as the next RBI governor for a three-year term, succeeding Shaktikanta Das. He takes charge amid high inflation and slowing growth, facing the challenge of balancing economic recovery with price stability. Malhotra, currently revenue secretary, has a strong background in taxation reforms and financial services.
Yen steady before BOJ, AI jitters drive Treasury rally, weigh on dollar
The yen remains steady as the Bank of Japan gears up for its expected interest rate policy decision. The dollar has slipped lower, responding to