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RBI rejigs Dy Guv portfolios, Patra heads monetary policy wing
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SME Times News Bureau | 16 Jan, 2020
The Reserve Bank of India (RBI) will head the central bank's monetary
policy department that takes calls on interest rates, the RBI announced
on Wednesday.
The former executive director of the RBI was appointed to the post of a Deputy Governor of the central bank on Tuesday.
In
a reshuffle of portfolios of the four Deputy Governors on Wednesday,
Patra was appointed to the post lying vacant since Viral Acharya
resigned six months ago.
As Executive Director, Patra was already
a member of the RBI's Monetary Policy Committee (MPC). He will now
handle the monetary policy department, including the forecasting and
modelling unit (MPD/MU), financial markets operations department (FMOD),
and the financial markets regulation department, according to the RBI.
Besides,
the international department and department of economic and policy
research, the department of statistics and information Management
(DSIM/DIMU), the corporate strategy and budget department (CSBD) and the
financial stability unit would also function under his supervision.
The
RBI release said that Deputy Governor N.S. Vishwanathan will look after
the departments of co-ordination, regulation, communication,
enforcement, inspection, and risk monitoring. He has also been assigned
the job of the secretary's department
The departments of currency management, information technology and foreign exchange will be looked after by B.P. Kanungo.
The
fourth Deputy Governor in question, M.K. Jain will look after
departments of supervision, financial inclusion, human resources, among
others.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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