18th July, 2003
Ministry of Home Affairs  


DR. VENUGOPAL REDDY WILL BE THE NEW RBI GOVERNOR


Dr. Y. Venugopal Reddy will be the new Governor of Reserve Bank of India. The Appointments Committee of the Cabinet has approved his appointment as RBI Governor for a five year term in place of Dr. Bimal Jalan. Dr. Reddy who is presently working as Executive Director, International Monetary Fund (IMF) will take over after Dr. Bimal Jalan demits the office.