Couldn't reach the 'right kind of agreement' to continue, says outgoing RBI chief Raghuram Rajan

He is set to leave the Reserve Bank of India in a few days, and Governor Raghuram Rajan has admitted that while he was willing to stay a bit longer, he could not reach the "right kind of agreement" with the government.

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"Because of ... unfinished task, I was willing perhaps to stay provided we could reach the right kind of agreement, we didn't. That's where it ended", Rajan was quoted saying. Known for his outspoken views on various issues that opposed the government on economic and even non-economic matters, Rajan is set to leave his role as the RBI chief and return to academia on September 4.

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In an interview to a leading news channel, Rajan said that he doesn’t think that his controversial speech on India’s growing intolerance was any wrong.

When asked if he thinks that he spoke 'out of turn' on various occasions, he said that it was "legitimate duty" and "moral responsibility" of public figures to guide young minds about good citizenship.

"Everything comes to an end at some point and you have to move on. Right now my focus is let us look ahead and see what needs to be done and not look back," he concluded.

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