Urjit Patel is expected to take over as the RBI Governor on the 5th of September, 2016. Kenyan-born Patel is believed to be hawkish on inflation, a fact that is music to the ears of investors looking to invest in India.
On 5th September, 2016, Kenyan-born Urjit Patel is expected to take on the mantle of the Governor of the Reserve Bank of India. He will be taking over from Raghuram Rajan while the latter returns to academia.
Urjit Patel was appointed the Deputy Governor of the RBI in 2013. His impressive academic background, as well as the years he has spent in the financial sector have won him the respect and admiration of political figures like PV Narasimha Rao, Dr Manmohan Singh and Arun Jaitely.
Patel is expected to continue Rajan’s doctrine. He known to be hawkish on inflation, a trait that has soothed fears of global investors looking to invest in India.