Raghuram Rajan is next Governor of Reserve Bank India

Raghuram Rajan is next Governor of Reserve Bank India.

Chief Economic Advisor of India Raghuram Rajan is set to grab the top post as the Governor of the Reserve Bank of India (RBI) for the next three years.

Raghuram Rajan :Reserve Bank of India GovernorRajan will succeed the current Governor of RBI Duvvuri Subbarao whose term ends on September 4. The Finance Ministry announced his appointment on Tuesday.

“The Prime Minister has approved the appointment of Dr Raghuram Rajan as the Governor of Reserve Bank of India (RBI) for a term of three years,” a statement issued by the Finance Ministry said.

Last year, Rajan was appointed as the Chief Economic Advisor to the Ministry of Finance, Government of India. He has formerly worked as the chief economist at the International Monetary Fund.

Rajan has been a gold medalist in IIT-Delhi and IIM-Ahmedabad.

He takes over as the RBI chief at a time when the Indian currency has fallen over 12 per cent since January this year.

The immediate challenges before Rajan would be to stabilise the rupee volatility, changing interest rate scenario amid weaker GDP growth, high inflation levels and high vulnerabilities of the external environment.

2 thoughts on “Raghuram Rajan is next Governor of Reserve Bank India

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  2. dinesh paliwal says:

    admin pls upload july month current affirs pdf as soon as possible.
    thanks admin
    thanks a lot in advance.u r really great

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