Shaktikanta Das' Last MPC? RBI Governor Answers Million Dollar 'Extension' Question - Read

Reserve Bank of India (RBI) Governor Shaktikanta Das remained tight-lipped about his potential extension for a third term during a press conference following the Monetary Policy Committee (MPC) meeting. Asked about reports suggesting that his term could be extended, Das responded, "I am not giving you any headlines." The current tenure of the RBI Governor ends on December 10, 2023, fueling growing speculation that the central government may extend his term.

Das, appointed as RBI Governor in December 2018, has already exceeded the typical five-year tenure expected for the role in recent years. Should the government extend his term, he will surpass the tenure of Benegal Rama Rau, who served as RBI Governor for 7.5 years from 1949 to 1957. If confirmed, his extension would make him the longest-serving RBI Governor since the 1960s, marking a historic moment for the central bank.
Sources Confirm No Other Candidates Considered

According to two government sources familiar with the matter, no other candidates are under consideration for the role at present, and a selection committee has yet to be formed. The sources indicate that Das's term is likely to be extended for at least another year, though no official announcement has been made by the government.

Awaiting Government's Official Announcement

While the speculation about Das's extension continues, the government has yet to make an official announcement. As the financial world watches closely, the decision to extend his term will have far-reaching implications for the RBI and India's monetary policy in the coming years.