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Duvvuri Subbarao is the Governor of Reserve Bank of India, the Central Bank for India.
Dr. Subba Rao belongs to the 1972 batch of the IAS (Andhra Pradesh cadre).
Dr. Subbarao has wide experience on issues in public finance and has held important posts in this area. He has worked as Secretary to the Prime Minister's Economic Advisory Council.
Dr. Subbarao studied at IIT Kanpur and was one of the first IIT products to join the civil services. Subsequent to joining the IAS, he did his MS in Economics from Ohio State University (1978) and was a Humphrey Fellow at MIT during 1982-83. He has a Ph. D in Economics. He served as the Secretary, Department of Economic Affairs in the Ministry of Finance and later as the Finance Secretary in the Ministry of Finance.
Dr. Subbarao took charge as the Governor of RBI from Dr. Y.V. Reddy after the later demits his office on September 5, 2008. Taking charge, he said his immediate job is to contain inflation which is at 12.34 per cent. He said the steps taken by RBI are moderating inflation but it is too early to confirm it.
In May 09, he suggested banks to invest in newer technologies.
In September 09, he was at a Government school in Karnataka where he taught the 500-odd students of the school about the functions of the central bank.
Sikkim to become a model banking state in Northeast
Sikkim is all set to become a model banking state in the Northeastern region of the country. ANI
There is no concern of capital inflows : RBI Governor
The Reserve Bank of India (RBI) Governor D Subbarao said here on Thursday that there is no concern of capital inflows building asset bubbles in India as of now. ANI
RBI stresses on need to check inflation expectations
Reserve Bank of India (RBI) Governor Duvvuri Subbarao has said the Central bank needs to control inflationary expectations and support growth, as signs of recovery and price pressures raise concerns that the policy may be tightened in late 2009 or early 2010. ANI
Indias growth likely to be below 6 per cent in FY10: RBI survey
India may expand at a slower pace in the current financial year that began in April than initially thought and there are more rate cuts in the pipeline, a survey of 17 forecasters conducted by the central bank showed on Thursday. ANI
Inflation rate in India close to zero
The rate of Inflation in India for the week ended April 4 fell to a 30-year low of 0.18 percent, from 0.26 percent a week earlier, government data showed on Thursday. ANI
RBI Governor says monetisation is not a benign solution
Reserve Bank of India (RBI) Governor Duvvuri Subbarao has said that there was a long-term cost to monetising the budget deficit that needed to be considered despite the apparent short-term benefits of not tapping the market for funding. ANI
Indian economy to grow between 6.5 to 7 pc: Montek Singh Ahluwalia
Deputy Chairman Planning Commission Montek Singh Ahluwalia today said that the economy will pick up in the second part of the fiscal and will grow between 6.5 to seven per cent. ANI
Indian economy will recover quickly, says RBI Governor
Reserve Bank of India (RBI) Governor Dr. Duvvuri Subbarao said that although it is uncertain as to when Indian economy will recover, when it does it will be sharper and quicker than other economies of the world. ANI
Inflation slips to 3.92 per cent
Inflation figures based on the official Wholesale Price Index (WPI) showed a fall to 3.92 per cent for the week ended February 7 from 4.92 percent a week before. ANI
Indias apex business chamber expects seven percent growth
The Federation of Indian Chambers of Commerce and Industry (FICCI) on Friday placed Indias growth projection for 2008-09 at seven percent, rejecting the five percent projected by the International Monetary Fund (IMF). ANI
RBI to provide liquidity supportto housing, export sectors
The Central Board of the Reserve Bank of India today decided to provide liquidity support to the housing and export sectors adversely affected by the recent financial market developments. ANI
RBI downs repo and reverse repo rate further
The Reserve Bank of India (RBI) in its bid to help out the ailing economy has announced a string of measures including a one percent point cut in short-term rates (repo rate) at which it lends and borrows from banks. ANI
Reserve Bank and Government to infuse more liquidity
The Reserve Bank and the government today agreed to take measures immediately to infuse liquidity into the system. ANI
India boosts confidence in financial sector through liquidity related steps
India pumped liquidity into its markets and took measures aimed at helping its 106 billion dollars mutual-funds industry as its rupee and stocks rallied after governments worldwide moved to restore confidence in the financial sector. ANI
Too early to take call on inflation: RBI Governor
The new Reserve Bank of India (RBI) Governor, Dr. Duvvuri Subbarao, has said Indias inflation rate is showing some signs of moderation but, it is still too early to conclude whether it represents a discernable trend. ANI
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