Muneesh Kapur has been appointed as executive director of the Reserve Bank of India (RBI), with effect from 3 October.

Kapur will look after the Department of Economic and Policy Research.

Prior to being promoted as ED, Kapur was the Adviser-in-Charge, Monetary Policy Department, and Secretary to the Monetary Policy Committee, RBI said.

Over a span of nearly three decades in the RBI, Kapur has worked in areas of macroeconomic policy and research and monetary policy in the Department of Economic and Policy Research and Monetary Policy Department. He also served as adviser to executive director, International Monetary Fund, during 2012-15, the statement added.