KSE100 34119.39  ▼ Decreased By 282.03 (-0.82%)
KSE30 14915.41  ▼ Decreased By 157.63 (-1.05%)
BR100 3505.74  ▼ Decreased By 34.89 (-0.99%)
BR30 18243.65  ▼ Decreased By 253.31 (-1.37%)

Business Recorder Logo

Jun 04, 2020 PRINT EDITION
Business

India's RBI names Kanungo to run monetary policy after Acharya quits

MUMBAI: India's central bank said on Tuesday it had assigned deputy governor B.P. Kanungo to run the monetary policy

July 23, 2019

MUMBAI: India's central bank said on Tuesday it had assigned deputy governor B.P. Kanungo to run the monetary policy portfolio after the resignation of fellow deputy governor Viral Acharya.

Kanungo, who will retain his currency management portfolio, would become the sixth member of the Reserve Bank of India's Monetary Policy Committee, which will next convene on Aug. 5-7.

Acharya, who is also a professor at New York University's Stern School of Business, left the RBI six months before the scheduled end of his term, citing personal reasons for his departure.

Copyright Reuters, 2019