This is what Raghuram Rajan said about his second term today
The Reserve Bank of India (RBI) governor Raghuram Rajan on Tuesday finally spoke about his second term in office on the sidelines of bi-monthly monetary policy review.
- Jun 7, 2016,
- Updated Aug 9, 2016 12:04 PM IST
The Reserve Bank of India (RBI) governor Raghuram Rajan on Tuesday finally spoke about his second term in office on the sidelines of bi-monthly monetary policy review.
Maintaining suspense over his own will, the RBI Chief only said it's matter to be decided by the government in consultation with the incumbent. "Government and incumbent decide on extension of RBI governor's tenure, said Rajan whose three-year long term ends in September.
Taking a dig at media, Rajan said, "it would be cruel of him to spoil the fun the press is having with all the speculation concerning his second tenure."
Host of foreign brokerages have already come up with warnings, saying no second term to Rajan would trigger steep short-term equity outflows and may impact the stock market and the domestic currency alike.
Talking of Rajan's second term and its impact on the market, Rohit Gadia, Founder & CEO, CapitalVia Global Research said he must be given second term mainly because of his popularity among the foreign investor, which brings back investor confidence greatly.
He believes Rajan's exit from RBI will have a short term impact on equity and forex market alike.
The Reserve Bank of India (RBI) governor Raghuram Rajan on Tuesday finally spoke about his second term in office on the sidelines of bi-monthly monetary policy review.
Maintaining suspense over his own will, the RBI Chief only said it's matter to be decided by the government in consultation with the incumbent. "Government and incumbent decide on extension of RBI governor's tenure, said Rajan whose three-year long term ends in September.
Taking a dig at media, Rajan said, "it would be cruel of him to spoil the fun the press is having with all the speculation concerning his second tenure."
Host of foreign brokerages have already come up with warnings, saying no second term to Rajan would trigger steep short-term equity outflows and may impact the stock market and the domestic currency alike.
Talking of Rajan's second term and its impact on the market, Rohit Gadia, Founder & CEO, CapitalVia Global Research said he must be given second term mainly because of his popularity among the foreign investor, which brings back investor confidence greatly.
He believes Rajan's exit from RBI will have a short term impact on equity and forex market alike.