Post Acharya’s exit, RBI rejigs portfolios

With Deputy Governor of the Reserve Bank of India (RBI) Viral Acharya demitting office on Tuesday, the central bank has allocated his portfolios to other Deputy Governors. Deputy Governor B.P. Kanungo gets the all-important monetary policy department, which means he will be a member of the six-member monetary policy committee (MPC) which sets interest rates by voting. The central bank will announce the review of its monetary policy on August 7. Another important department, the financial markets department that Mr. Acharya was handling, will now be headed by Deputy Governor N.S. Viswanathan.

Source : https://www.thehindu.com/todays-paper/tp-business/post-acharyas-exit-rbi-rejigs-portfolios/article28694350.ece

About ChinmayaIAS Academy - Current Affairs

Check Also

Stimulating white blood cells helps clear TB bacteria

Potency of TB drugs improved many times when two receptors of the immune cells were …

Leave a Reply

Your email address will not be published. Required fields are marked *