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Raghuram Rajan to be new RBI governor

  •   Tue, Aug 06 2013 04:19:00 PM

New Delhi, Aug 6 (IANS): Chief economic adviser in the finance ministry Raghuram Rajan will be the new governor of the Reserve Bank of India (RBI) replacing D Subbarao, the government announced Tuesday.

“Prime Minister (Manmohan Singh) has approved the appointment of Raghuram Rajan as the governor of Reserve Bank of India (RBI) for a term of three years,” finance ministry said in a statement.

Rajan will succeed Subbarao, whose tenure ends Sep 4, 2013.

  

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