RBI chief to handle monetary policy department
MUMBAI (Reuters) - The Reserve Bank of India said on Tuesday the monetary policy department will directly report to Governor Duvvuri Subbarao till further orders, with Subir Gokarn's term as a deputy governor coming to a close.
The departments of economic and policy research and statistics and information management will also report to the governor, the central bank said in a statement.
Gokarn's three-year term was supposed to end on November 24, but was extended to December 31. He was in charge of the monetary policy department among others, and also represented the RBI at the G-20 Deputies' forum.
(Reporting by Shamik Paul; Editing by Sunil Nair)
- Tweet this
- Share this
- Digg this
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
Trending On Reuters
U.S. President Barack Obama ended a landmark day in India on Monday with a pledge of $4 billion in investments and loans, seeking to release what he called the "untapped potential" of a business and strategic partnership between the world's largest democracies. Full Article | Slideshow