New Delhi: RBI governor Raghuram Rajan is reported to be concerned over the speculation and rumours going on over his second term and its overall impact on the markets. According to some reports, Dr Rajan is said to have written to select policymakers to curb ‘unnecessary’ speculation over his future at RBI and its impact on these markets.
He is reported to have said that the selection of RBI governor is an institutional process and speculation and rumours give it an impression of being personality-driven contest. This, the governor said, is unfair to all those involved. Mr Rajan was appointed by the previous UPA government for a three-year term that began on September 4, 2013.
Foreign investors have been on edge about whether Dr Rajan, a former chief economist at the IMF, will be re-appointed by the government for a second two-year term. Indian industry bodies have also supported the reappointment of Dr Rajan for another term.
