Market News
Economists react to India's new central bank chief announcement - REUTERS
NEW DELHI, Dec 10 (Reuters) - India appointed career civil servant Sanjay Malhotra as its new central bank governor on Monday in a surprise move that leaves markets guessing about the future direction of monetary policy, as growth slows and high inflation persists.
"One has to understand the turf, all perspectives and do what's the best for the economy," Malhotra, who has seldom shared his views on the economy in public, told reporters in New Delhi on Tuesday.
