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India’s central bank Governor Shaktikanta Das was hospitalized and later discharged, weeks before his current term is due to end.
Das, 67, “experienced acidity” and was admitted to the Apollo Hospital in the southern city of Chennai for observation, a spokesperson for the Reserve Bank of India said Tuesday. He was later discharged and “is doing fine now,” the spokesperson said.
The governor has been at the helm of the RBI for six years, with his contract coming to an end on Dec. 10. The government and RBI haven’t given any indication yet whether he will remain in his post or be replaced.
Prime Minister Narendra Modi has shown a preference for continuity in his third term, having retained key ministers in his cabinet and advisers as he looks to deliver on an ambitious goal to make India a developed nation by 2047.
A longtime bureaucrat before he joined the RBI, Das is considered to have done a good job in steering the economy through shocks such as the pandemic and helping to stabilize the rupee. He’s maintained a hawkish stance on inflation, keeping interest rates unchanged for almost two years.
(Updates with additional detail.)
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