Raghuram Rajan speaks out on uncertainty over his second term as RBI Governor

Raghuram Rajan finally spoke about his second term as the governor of Reserve Bank of India (RBI) but still maintained the suspense.

While addressing a news conference on bi-monthly monetary policy, Rajan pointed out at the statement made by Prime Minister Narendra Modi made on Rajan.

“It would be cruel of me to spoil all the fun the press is having over all the speculations. I am personally intrigued by all the letters I am supposed to have written. Seriously, in all such cases a decision is reached after discussions between the government and the incumbent. I am sure you will know when there is news. I cannot do better than point you to the statements of the Finance Minister and the Prime Minister on this,” said Rajan, whose tenure ends on September 04.

Prime Minister Narendra Modi, in his interview to Wall Street Journal, had said Rajan's second term should not be a concern for media.

"I don't think this administrative subject should be an issue of interest to the media. Besides, it will come up only in September," Modi said.

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The India Inc also backs Rajan was his second term. However, BJP’s senior leader has demanded Rajan’s termination and has accused him of anti-national intent.

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Speculations are also rife that Rajan wants to return to the United States. Rajan reportedly told the central government that once his term ends, he would return to the United States. Quoting sources close to Rajan, a report said he had plans to join an American university and pursue research on the Indian economy.

(Image: Indiatimes)