RBI chief Subbarao not offered job extension so far
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)
- Tweet this
- Share this
- Digg this
- U.S. plans to arm Iraq's Sunni tribesmen with AK-47s, RPGs, mortars
- China building South China Sea island big enough for airstrip - report
- Bighorn sheep escapes Los Angeles Zoo, dies after car strikes it
- Apple $450 mln e-book settlement gets final court approval
- India approves $2.6 bln mounted gun purchase - official
India approved on Saturday the purchase of 814 mounted gun systems for the army at a cost of 157.5 billion rupees ($2.55 billion), a defence ministry spokesman said. Full Article