To cut interest rates, the central bank head has to open up a debate on inflation target revision
All new RBI governors will now have to deal with the committee system, perhaps giving up many of the powers their predecessors enjoyed
Sources in the Finance Ministry said the government is close to picking a successor of Raghuram Rajan, whose reign will come to end on september 4
All RBI Governors in past 23 years have got second term, a chain Rajan broke
According to television reports, formal announcement will be made before July 18