- He died on November 18, 2023 at the age of 92.
- He was the Finance Secretary in the Finance Ministry from 1985 to 1989.
- He was the 18th RBI Governor between 1990 and 1992.
- He is credited with getting the country out of the balance of payments crisis.
- During his tenure, India adopted the stabilization program of IMF, where the rupee was devalued and economic reform program started.
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