The government on 8 january 2016 reappointed Urjit Patel, who headed a committee that paved the way for the proposed monetary policy committee, as the deputy governor of the Reserve Bank of India (RBI) for a second time for a three-year term.Patel joined the central bank on January 11, 2013, months before Raghuram Rajan took charge as the Governor, and has been heading the monetary policy department. Rajan and Patel had earlier worked together in the International Monetary Fund (IMF) in Washington.
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