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Rakesh Mohan appointed RBI deputy governor for three years

The Union government has appointed Rakesh Mohan, presently director of Indian Council for Research on International Economic Relations, as deputy governor of Reserve Bank of India for a three-year period.

Mohan would come in place of Y V Reddy, who has been appointed as executive director, International Monetary Fund, an official release said in New Delhi on Thursday.

Before taking up the post at ICRIER, Mohan was the economic advisor to former Finance Minister Yashwant Sinha.

Rakesh Mohan, who had joined the ministry in January 2001, had first resigned in October last year. Ashok Lahiri, director, National Institute of Public Finance and Policy, was tipped to take over as adviser. Rakesh Mohan later withdrew his resignation.

Earlier, he was director-general of the National Council for Applied Economic Research before he was promoted as vice-chairman of Infrastructure Development Finance Company in 2000.

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