Police in India's financial capital Mumbai said on Friday that they were investigating a bomb threat to the Reserve Bank of India (RBI) after it received an email in Russian warning of an explosive attack.

Sanjay Malhotra, a career civil servant, has become India’s new central bank governor at a time when the country’s economic growth is slowing and inflation is surging.

India's newly-appointed central bank governor Sanjay Malhotra on Wednesday said he will look to ensure stability and continuity in policymaking for the benefit of the economy. "All businesses, all people they do need this (policy) stability rather than (a) day-to-day kind of a policy,