MUMBAI -- The surprise appointment of veteran civil servant Sanjay Malhotra to lead India's central bank and the departure of several senior officials seen as relatively hawkish on monetary policy have sparked speculation of an imminent interest rate cut in Asia's No. 3 economy.
Malhotra takes the reins at the Reserve Bank of India on Wednesday, succeeding the second-longest serving governor in its history, Shaktikanta Das, whom many had expected to get another three-year tenure extension.
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