RBI chief to handle monetary policy department

MUMBAI Tue Jan 1, 2013 7:01pm IST

Duvvuri Subbarao, governor of the Reserve Bank of India speaks during an interview with Reuters at a hotel in Mexico City November 5, 2012. REUTERS/Henry Romero/Files

Duvvuri Subbarao, governor of the Reserve Bank of India speaks during an interview with Reuters at a hotel in Mexico City November 5, 2012.

Credit: Reuters/Henry Romero/Files

Priyanka Gandhi Vadra, daughter of Congress party chief Sonia Gandhi, adjusts her flower garlands as she campaigns for her mother during an election meeting at Rae Bareli in Uttar Pradesh April 22, 2014. REUTERS/Pawan Kumar

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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)

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