New RBI Governor More Hawkish than Departing Rajan

India’s new central bank governor is likely to be less outspoken than outgoing chief Raghuram Rajan, but no more inclined to easing.
Currently deputy governor at the Reserve Bank of India (RBI), Urjit Patel will take the helm on September 4 for a three-year term, with a possible two-year extension.

Since 2013, Patel has run the RBI’s Department of Monetary Policy and Research, as well as spearheading an expert committee—known as the Urjit Patel Committee Report—that recommended key changes to the country’s monetary policy framework. Among the committee recommendations was the creation of a Monetary Policy Committee (MPC), first discussed in 2014 and approved by the government earlier this year.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza