RBI Deputy Governors' Portfolios Reorganized; Gupta Takes Key Role

The Reserve Bank of India (RBI), which is like the country's central bank, has changed the jobs of some of its top leaders, called deputy governors.

Poonam Gupta is the new deputy governor and will now be in charge of monetary policy, which is about how the RBI controls things like interest rates.

She also has other important departments under her responsibility.

Other deputy governors, like M. Rajeshwar Rao, T. Rabi Sankar, and Swaminathan Janakiraman, have also received new responsibilities.

These changes took effect on Friday, and all of the changes come as a result of Gupta's recent appointment.