Mumbai, May 25 -- On the 18th floor of the Reserve Bank of India's (RBI) Mumbai office tower, governor Sanjay Malhotra is mindful of the legacy of the illustrious institution. For the 26th governor, the choice between growth and inflation is crystal-clear: "For us, it's always inflation," Malhotra told Mint at his office, seated before a wall with framed photographs of his predecessors, from the first governor Sir Osborne Smith who took charge in 1935, to his immediate predecessor Shaktikanta Das, who left in December 2024. Malhotra asserted that the central bank will do "whatever is required" to ensure orderly price discovery in the forex market. In a wide-ranging interview, the governor touched upon India's current account deficit, infl...