Deputy Governor Urjit Patel seen as top contender for the post of RBI Governor; Modi to take the final decision
Rajan has decided to step down from the RBI Governor's post and said he will return to academia after the end of his tenure
Governor said to have been feeling lack of support from FM Jaitley and PM Modi; he reportedly did not inform Centre before releasing his letter to staff
After Mr Rajan's departure, focus must be on unfinished tasks
India's captains of industry said they were disappointed at the exit of Reserve Bank of India Governor Raghuram Rajan, adding the country needs a strong leader at the central bank.
Industry body Assocham expressed hope that Rajan will be persuaded to reconsider his decision
The former deputy governor of RBI has said that it is premature to discuss his candidature for the top post
Currency & equity markets could face sharp changes as RBI governor leaves, but should smoothen out, say experts
The party further criticised BJP leaders for creating circumstances that forced Rajan to decide not to continue
The rating agency said that the new RBI chief would inherit a good opportunity to continue pursuing a policy of relatively low consumer price inflation
His term comes to end on September 4
RBI Governor says an inflation-focused framework means better coordination between the government and the central bank
Consumer inflation hit a near two-year high of 5.76% in May, or upper end of RBI's inflation target of 2% to 6%
The Centre has messed it up with Rajan's resignation. But the RBI is too independent to kowtow to New Delhi
They expect the Indian unit to temporarily under-perform the Asian region
Turning to the charge that RBI killed private investment by keeping rates too high, he said the policy rate in effect plays a balancing act
Search panel to have no role
Since Monday, the rupee has lost 40 paise against the US dollar mainly due to forex outflows from debt
The RBI Governor said he's still around for two-and-a-half months and will be coming a lot to India after that also
The govt should choose a successor who has domain knowledge and professional acumen rather than a Sangh Parivar loyalist