Bureaucrats compete to replace RBI dep governor

INDIA - There is stiff competition to take the place of the outgoing deputy governor of the Reserve Bank of India (RBI), Dr Y. V. Reddy. According to the finance ministry, two senior bureaucrats are jockeying to control this key post which involves responsibility for monetary policy and internal debt management.

Dr Reddy, who is 61, is to leave the bank on August 1 to replace Vijay Kelkar as India's executive director at the International Monetary Fund, where he will remain for the next three

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