INSUBCONTINENT EXCLUSIVE:
Viral Acharya was appointed as the RBI Deputy Governor on January 23, 2017, for a 3-year termThe news of RBI Deputy Governor Viral Acharya's
premature exit from the central bank, although unfortunate, will not disturb the markets, state-run State Bank of India (SBI) said on
Monday.The bank's latest Ecowrap research report authored by SBI Chief Economist Soumya Kanti Ghosh said the exit of the Reserve Bank of
Governor Urjit Patel way back in December 2018," it said.Mr Acharya was appointed as the RBI Deputy Governor on January 23, 2017, for a
term ends.In support of his contention, Mr Ghosh notes that capital flows nearly doubled in the first half of fiscal year 2017-18 over the
appreciated and the stock market also gained in one-year period following the exit of RBI Governor Raghuraman Rajan.A New York University
professor, who became the youngest Deputy Governor, has been quite conservative whether it be his approach to monetary policy or in dealing
2018.At the RBI, Mr Acharya held a total of nine portfolios, including the Corporate Strategy and Budget Department, Financial Stability
Unit, Department of Economic Policy and Research, Monetary Policy Department and the Forecasting and Modeling Unit, among others.Mr Acharya
has been part of the last 15 monetary policy committee (MPC) meetings
August to be held after the exit of Viral, is likely to see more nuanced discussion veered towards more dovish stance going forward and
consequently, space opening up for more cuts", the report said.
