Indian central bank leadership reshuffle sparks rate cut speculation

New RBI chief seen as less hawkish on monetary policy than predecessor

20241211 RBI Malhotra

Sanjay Malhotra speaks at an event in New Delhi on Dec. 4, a week before taking over as governor of the Reserve Bank of India. (India's Press Information Bureau/Handout via Reuters)

SOUMYAJIT SAHA, Nikkei staff writer

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.

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