New RBI Governor Sanjay Malhotra Vows Stability

• Sanjay Malhotra, newly-appointed RBI Governor, emphasizes policy stability for economic benefit in his inaugural press conference.
• Malhotra's unexpected appointment leaves markets uncertain about future monetary policy directions.
• Under the previous governor, Shaktikanta Das, the central bank kept interest rates unchanged and eased banking system liquidity conditions.

Source: Reuters