A change of guard at the Reserve Bank of India

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August 7, 2013

NEW DELHI – Dr Raghuram Rajan, currently India's Chief Economic Advisor, has been named as the next RBI governor to replace Dr Duvvuri Subbarao from September 4. Rajan has previously served as Professor of Finance at Booth School of Business - University of Chicago, the IMF and Federal Reserve Board. He will assume office at a time of pressing macro-economic challenges, with growth slowing and the rupee hitting new lows.