Overview

• RBI’s Central Board approved the appointment at its 618th meeting in Lucknow chaired by Governor Sanjay Malhotra.
• Bhattacharyya, the Executive Director heading the Monetary Policy Department, succeeds Rajiv Ranjan, who will retire at the end of September after serving on the MPC since May 2022.
• He will join the six-member committee for the upcoming policy meeting slated for September 29 to October 1.
• The board also reviewed global and domestic economic conditions, including geopolitical and financial market developments and related challenges.
• With nearly three decades in central banking, Bhattacharyya previously led DEPR and served as an economic expert at the Qatar Central Bank from 2009 to 2014.