Poonam Gupta Joins RBI as Deputy Governor

India has appointed Poonam Gupta as the new RBI Deputy Governor for a three-year term. A former World Bank and IMF economist, Gupta is currently the Director General of NCAER and part of PM Modi’s Economic Advisory Council. She replaces Michael Patra and will join the six-member monetary policy committee. Gupta advocates inflation targeting reforms and a freer rupee exchange rate, aiming to tackle India’s economic slowdown and global challenges. Her appointment signals a strategic policy shift in India’s central banking system.

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