Demonetisation backer becomes new RBI governor

Shaktikanta Das
Shaktikanta Das
Photo: Press Information Bureau, Government of India

A prominent backer of the Indian government’s controversial demonetisation policy has been chosen to take over as Reserve Bank of India governor, a day after the sudden resignation of Urjit Patel.

Shaktikanta Das, a former civil servant in Narendra Modi’s administration, takes over the governorship for a three-year term, according to a brief statement issued by the government.

Das was joint secretary for budget in the department of economic affairs, and earlier in his career held several

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