Urjit R Patel named new Governor of RBI, to succeed Rahuram Rajan
He has been appointed to the post fir a period of three years.
He is currently the Deputy Governor the RBI.
Patel will resume his role as the Governor from Sept 4.
He will step into the shoes of current Governor Raghuram Rajan.
"Dr. Urjit R Patel has been appointed as the New Governor of Reserve Bank of India (RBI) for a period of three years with effect from 4th September, 2016. He will replace the present RBI Governor Dr. Raghuram Rajan. Dr Patel is presently the Deputy Governor of RBI and is holding this assignment since 2013," read a government statement.
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