Y V Reddy set to become new RBI governor

YV Reddy will become the next governor of the Reserve Bank of India, succeeding Bimal Jalan. The decision was taken Tuesday at a meeting arranged by Prime Minister Atal Bihari Vajpayee.

Source: The Economic Times

YV Reddy will succeed Bimal Jalan as the next governor of the Reserve Bank of India. Reddy, India's executive director in the International Monetary Fund (IMF), got the nod at a high-level meeting convened late Tuesday night by Prime Minister Atal Bihari Vajpayee.

Mr Reddy has been pref