- India has appointed Urjit Patel as its next central bank chief, in a decision that many economists and executives hope is a sign of New Delhi's commitment to the inflation-fighting policies of departing governor Raghuram Rajan.
- Patel is currently a deputy governor in charge of monetary policy at the Reserve Bank of India. He has been appointed for three years and will begin his term once Rajan steps down on Sept. 4.
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