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
Industry body also praised the government's decision of relaxing the FDI norms
Currently RBI Deputy Governor Rakesh Mohan is being mentioned in official circles as the front runner to bag the coveted job at Mint Street
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
New Delhi was likely unhappy with Rajan's interest rate policy
The govt should choose a successor who has domain knowledge and professional acumen rather than a Sangh Parivar loyalist
The RBI governor said globally banks tend not to lend to start-ups as these have little to show in terms of collateral when seeking money
An announcement could be made soon after Jaitley returns from a five-day trip to China, starting Thursday morning
Said his experience as RBI Governor will be of great benefit when he returns to research and teaching
India must make sure that capabilities lie in institutions and not in one person
An official from PMO office said Raghuram Rajan is expected to join the Monetary Policy Committee search team
A look at a few probable names who may take charge from Rajan in September
As the clean-up has taken hold, loan growth slipped to 10.7% in the last financial year
He said that he had a good working relationship with the central bank chief
He will succeed H R Khan on July 3
Rajan said India needs to stay on the path of sound domestic policies and structural reforms