India has appointed career bureaucrat Sanjay Malhotra as the new governor of the nation's central bank, ending weeks of speculation over who would helm monetary policy in the world's fastest-growing major economy. The new governor, who has a master's degree in public policy from Princeton University, will take charge of the Reserve Bank of India for a three-year term from Dec. 11. Bloomberg's Avril Hong reports on "Bloomberg: The Asia Trade."

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