The newly appointed Governor of the Reserve Bank of India Governor, D. Subbarao said that he will continue the fiscal reform processes in the financial sector of the country.

He said that he would try his best to tame the ever increasing inflation rate in India. He termed it his top priority. He expressed these views after taking the charge of the central bank. He is appointed as 22nd Governor of the central bank for 3 years duration. He was working as Finance Secretary in the Union Ministry of Finance before is elevation.

The central bank and the union finance ministry have taken various fiscal and monitory measures to control the inflation level. It has already raised interest rates and tightens the monitory policy. The country is still facing the double digit inflation rate. D. Subbarao appreciated the way of working of the outgoing Governor Y. V. Reddy. He termed him as a distinguished manager and excellent person.