Raghuram Rajan Hints at Interest in Second Term as RBI Governor
Raghuram Rajan says he has enjoyed every moment of the job, but there is “more to do”.
- Indicating his interest in a second term as Reserve Bank of India (RBI) Governor, Raghuram Rajan, on Friday, said he has enjoyed every moment of the job, but there is “more to do”.
- Senior BJP leader Subramanian Swamy, on Wednesday, had suggested that Rajan should be removed from the post of the RBI chief. He accused him of being responsible for “unemployment and collapse” of industrial activity.
- After assuming charge as the RBI Governor in September 2013, Rajan has gradually raised the short-term lending rate from 7.25 per cent to 8 per cent and retained the high rates throughout 2014. The Governor began the process of lowering the rates in January 2015. Since then, it has come down by 1.50 percent to 6.50 percent.
(With inputs from agencies)
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