India's central bank governor set to 'move on': Report
MUMBAI (AFP) - India's central bank governor has decided to "move on" and a hunt for his successor is underway, the country's finance minister was quoted saying on Wednesday.
Reserve Bank of India (RBI) governor Duvvuri Subbarao's five-year term ends on September 4, but there has been media speculation that he may receive an extension.
"Dr Subbarao had met me a few weeks ago and said he would like to move on and he would not like to be considered for another term," Finance Minister P. Chidambaram told the Economic Times newspaper.
"I accepted, so now we are in search mode," Mr Chidambaram said.