RBI chief Subbarao not offered job extension so far

MOSCOW Sat Jul 20, 2013 1:56pm IST

Reserve Bank of India (RBI) Governor Duvvuri Subbarao speaks during a business conference in Ahmedabad May 30, 2013. REUTERS/Amit Dave/Files

Reserve Bank of India (RBI) Governor Duvvuri Subbarao speaks during a business conference in Ahmedabad May 30, 2013.

Credit: Reuters/Amit Dave/Files

Related Topics

MOSCOW (Reuters) - Reserve Bank of India (RBI) Governor Duvvuri Subbarao said on Saturday he has not yet been offered to stay on in his job after his five-year term comes to an end in September.

"No offer has been made so far, so there is no question of accepting so far. It is a hypothetical question. As I said before, I must move on," Subbarao told Reuters on the sidelines of a meeting of the world's financial leaders in Moscow.

Subbarao was appointed as the central bank chief on September 5, 2008 for three years and was later given an extension for another two years.

Speculation that he would get another extension has increased recently, as some believe that the government would prefer to make no changes until elections in May.

India is going through difficult economic times, battling a weakening currency, a record high current account deficit, lowest growth in a decade and still elevated inflation.

(Reporting By Katya Golubkova)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

School Shooting

School Shooting

Two killed, four wounded in Washington state school shooting.  Full Article 

Sundar Pichai Elevated

Sundar Pichai Elevated

Google's Pichai to oversee major products and services.  Full Article 

Need For Reforms

Need For Reforms

Euro zone risks "relapse into recession" without structural reforms - Draghi.  Full Article 

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Wal-Mart India

Wal-Mart India

Murali Lanka appointed as Wal-Mart India operations chief  Full Article 

Health Of Lenders

Health Of Lenders

25 European banks set to fail health checks - sources.  Full Article 

Special Report

Special Report

Why Madrid's poor fear Goldman Sachs and Blackstone  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage