New central bank chief: Modi weighs competing political, market demands

New Delhi

AS Indian Prime Minister Narendra Modi prepares to pick a new central bank governor, he will need to juggle competing demands from within his own party, the economy's need for more stimulus and investors' demands for an independent thinker.

Global and Indian investors are on edge as local media report that Mr Modi could select the new governor of the Reserve Bank of India (RBI) as early as on Tuesday.

Outgoing RBI governor Raghuram Rajan stunned financial markets last month by announci…