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India Appoints New Central Bank Governor
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India has appointed career bureaucrat Sanjay Malhotra as the new governor of the nation’s central bank, ending weeks of speculation over who would helm monetary policy in the world’s fastest-growing major economy. The new governor, who has a master’s degree in public policy from Princeton University, will take charge of the Reserve Bank of India for a three-year term from December 11. Bloomberg's Avril Hong reports.
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