Rajan’s Deputy Patel Appointed as India’s Central Bank Governor

August 20, 2016 1:20 PM

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Rajan’s Deputy Patel Appointed as India’s Central Bank Governor

Prime Minister Narendra Modi promoted a deputy governor to lead India’s central bank, ensuring that sweeping reforms initiated under Raghuram Rajan would continue.

Urjit Patel, who oversees the monetary policy department at the Reserve Bank of India under Rajan, has been appointed for three years, the government said in a statement on Saturday.

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