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Thursday, Sep 04, 2003

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Y.V. Reddy to take over at RBI on Sept 6

Our Bureau

Mumbai , Sept.3

Dr Y Venugopal Reddy will take over as Governor of Reserve Bank of India on September 6. On the same day, Dr. Bimal Jalan, who has been nominated to the Rajya Sabha will demit the office, a spokesperson for the RBI said.

Dr Reddy, earlier with the RBI as Deputy Governor, was India's Executive Director on the board of the International Monetary Fund. He has been appointed as Governor of RBI for a five-year term. Dr Reddy had a six-year stint at RBI as Deputy Governor looking after monetary policy and internal debt management.

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