(Reuters) -India’s central bank deputy governor Poonam Gupta has been assigned the monetary policy, financial market operations and economic and policy research portfolios, the Reserve Bank of India said on Friday.
Gupta had been appointed as deputy governor in April but took charge on Friday.
A former World Bank and IMF economist, Gupta will now be part of the central bank’s six-member Monetary Policy Committee (MPC), replacing Rajeswar Rao who was on the committee temporarily after Michael Patra’s term as deputy ended in mid-January.
The MPC cut rates for the second time this year in April and signalled more scope for easing as inflation has fallen close to the target of 4%.
Prior to her appointment, Gupta was the director general of the National Council of Applied Economic Research, India’s largest economic policy research institute, and is also a member of the Economic Advisory Council to Prime Minister Narendra Modi.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Sonia Cheema)
