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New RBI governor promises autonomy as Indian markets cheer

Das stresses consultations with focus on inflation-targeting and also growth

Shaktikanta Das, the new Reserve Bank of India Governor, gestures as he attends a news conference in Mumbai on Dec. 12.   © Reuters

MUMBAI -- Shaktikanta Das, the new governor of the Reserve Bank of India, promised on Wednesday to uphold the autonomy of the central bank, even as Indian stock markets cheered his appointment in hopes of relaxed policies.

The Bombay Stock Exchange benchmark Sensex, which had rallied all day, ended higher by nearly 2% at 35,779.07. The Nifty Bank index, too, closed up nearly 2%, with public sector banks and non-bank finance companies marking the strongest performance.

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