BENGALURU (Reuters) – India’s central bank on Tuesday said deputy governor M. Rajeshwar Rao will handle monetary policy and economic research departments in a reorganisation of portfolios as Michael Patra’s term ends.
Michael Patra, one of the four deputy governors of the Reserve Bank of India, will see his term end on Jan. 15. During his tenure, he oversaw various key departments, including the monetary policy and financial market operations.
Rajeshwar Rao will join the monetary policy committee, including the February policy meeting, until a replacement for Patra is announced.
In October, India approved the re-appointment of Rao as deputy governor for a period of one year or until further orders.
(Reporting by Nishit Navin in Bengaluru; Editing by Vijay Kishore)
