December 22, 1992 to November 21, 1997

Dr. C. Rangarajan

Dr.C Rangarajan succeeded S Venkitaramanan as the 19th Governor of the Reserve Bank of India. Before becoming the Governor, he served as the deputy Governor from 1982 to 1991. He was also a member of the Planning Commission and a member of the Tenth Finance Commission. He holds a PhD in Economics from University of Pennsylvania. His tenure saw several measures being taken to strengthen the financial sector. New institutions and instruments were introduced and change in exchange rate management lead to establishment of unified exchange rate. During his tenure the new series of Mahatma Gandhi Banknotes of denomination Rs.10, Rs 50 and Rs 100 were released along with the new Rs.500 note with security thread and identification mark for the visually impaired introduced. After his tenure as Governor he went on to serve as Governor of Andhra Pradesh, Orissa and Tamil Nadu. He was also appointed as member of Rajya Sabha and is currently the Chairman of the Prime Minister’s Economic Advisory Council. He was awarded Padma Vibhushan in 2002.






This article was written by Avinash Jinadatha


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