India appoints new governor of Reserve Bank of India

According to a Reuters article, "The [Indian] government has appointed Raghuram Rajan, the chief economic adviser in the finance ministry, to be the next governor of the Reserve Bank of India for a three year term, a statement by the finance minister said on Tuesday.

Rajan will replace Duvvuri Subbarao, whose tenure ends on September 4 after five years.

Rajan joined the government last August, having previously been chief economist at the International Monetary Fund and a professor at the University of Chicago."

Courtesy of Aidan Work.