New RBI Chief Das to Be More Dovish, Progress India Opportunities CIO Says

The transcript discusses the appointment of Shaktikanta Das as the new RBI Governor following the resignation of Dr. Urjit Patel. It highlights Das's administrative experience and familiarity with RBI operations, particularly during the demonetization phase. The discussion anticipates a shift in RBI's monetary policy towards a more dovish and pro-growth stance under Das's leadership. Additionally, the appointment's potential impact on the relationship between the government and the RBI is explored, noting that Das's bureaucratic background may help ease tensions.

What was one of the main reasons for appointing Mr. Shaktikanta Das as the new RBI governor?

• His experience in the Finance Ministry

• His role in the demonetization decision

• His expertise in international relations

• His previous position as RBI governor

What was a major criticism of the RBI's policies under the previous governor?

• Too much focus on international trade

• Inconsistent monetary policy reviews

• Excessive support for small businesses

• Lack of engagement with the government

How is Mr. Das expected to change the RBI's monetary policy approach?

• By focusing on data-driven decisions

• By reducing the RBI's independence

• By increasing interest rates

• By adopting a more hawkish stance

What is a potential benefit of Mr. Das's bureaucratic experience for the RBI?

• It will ensure complete independence from the government

• It will lead to higher interest rates

• It will help in rebuilding relations with the government

• It will focus solely on inflation control

What ongoing issue between the government and the RBI might Mr. Das help address?

• The RBI's engagement with small businesses

• The RBI's independence from the government

• The RBI's focus on technology

• The RBI's role in international trade