Rakesh Mohan takes over as RBI deputy governor

INDIA - India's former chief economic adviser, Rakesh Mohan, on Monday took over as a deputy governor of the Reserve Bank of India (RBI).

Mohan, who has been appointed in place of Y.V.Reddy, will be in charge of key areas like monetary policy, external investments and operations and internal debt.

The RBI said in a statement that Mohan's appointment is for a period of three years.