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Date: 02-apr-2025
In a landmark move, the Government of India has appointed Dr. Poonam Gupta, an internationally acclaimed economist and policy expert, as the new Deputy Governor of the Reserve Bank of India (RBI). She will serve a three-year term, replacing outgoing deputy Michael Patra.
Gupta, currently serving as the Director General of the National Council of Applied Economic Research (NCAER), has previously worked at the World Bank and the International Monetary Fund (IMF). She is also a member of the Prime Minister’s Economic Advisory Council, making her one of the most influential voices in India's economic policymaking circles.
As Deputy Governor, Gupta will take a seat on the six-member Monetary Policy Committee (MPC), the key body responsible for setting India’s benchmark interest rates and steering the country’s inflation and growth targets. The MPC is scheduled to convene for its next policy review soon.
Known for her pragmatic and data-driven approach, Dr. Gupta has advocated for a reexamination of India’s inflation targeting framework and has supported a more market-determined exchange rate regime. In her past writings and speeches, she has highlighted the importance of flexibility in managing the rupee amid global volatility.
This appointment makes Poonam Gupta the first woman economist to become a Deputy Governor at the RBI, a significant milestone in the central bank's 90-year history. Her appointment signals a shift toward more globally integrated and research-led policy decision-making within the RBI.
Gupta's appointment comes at a critical juncture as India faces the dual challenges of managing inflationary pressures and navigating global macroeconomic uncertainties. With her international experience and domestic policy insights, she is expected to bring fresh momentum to RBI's economic strategy and institutional reforms.
Source: Reuters
Date: 02-Apr-2025
Nifty 50 closed higher at 23,332.35 on April 2, 2025, gaining 166.65 points. Despite global uncertainty surrounding U.S. tariffs, Indian markets remain resilient with strong sectoral support.
Date: 03-Apr-2025
Nifty 50 closed higher at 23,332.35 on April 2, 2025, gaining 166.65 points. Despite global uncertainty surrounding U.S. tariffs, Indian markets remain resilient with strong sectoral support.
04 Apr 2025
