His tenure, which was due to end this week, has been extended until Jan. 15, 2024, the two sources, who did not want to be named, told Reuters.

Patra, a career central banker, was first appointed as deputy governor of the Reserve Bank of India in January 2020 for a three-year term. He handles the crucial monetary policy and economic research departments, among others, and is also a member of India's monetary policy committee.

(Reporting by Nikunj Ohri; Editing by Mark Heinrich)

By Nikunj Ohri