Yaga Venugopal Reddy is the twenty-first Governor of the Reserve Bank of India (RBI), India's central bank. He was born on August 17, 1941 in Andhra Pradesh, India. He holds a Ph.D. from Osmania University, Hyderabad, India, and was a visiting faculty member at both Osmania University and the London School of Economics.
Prior to his appointment as Governor, Dr. Reddy was India's Executive Director on the Board of the International Monetary Fund. Dr. Reddy was also an adviser to the World Bank and is on the International Monetary Fund’s panel of consultants in Fiscal Affairs. His experience in the development process includes advising China, Bahrain, Ethiopia and Tanzania.
Dr. Reddy served a six-year tenure with the Reserve Bank of India as its Deputy Governor, monitoring the monetary policy, exchange rate policy, internal and external debt management, foreign exchange reserves management and economic research.