Progress on monsoons along with favourable base effect in 2HFY2017 continues to point towards RBI achieving its near 5 per cent inflation target by the year-end
The stress in the banking sector, which mirrors the stress in the corporate sector, has to be dealt with in order to revive credit growth.
Here is some background on the candidates seen as potential successors to Rajan at the RBI
Rajan said India's good economic fundamentals would allow it to overcome any 'sharp corrections' in global markets
RBI promises to take all necessary steps, including liquidity support
Rajan said the central bank has used up all its "space available" to cut interest rates
Anandabazar Patrika reported that Rajan would prefer to go back to the United States after his three-year term expires in early September
Lenders have reported a surge in their bad loans in the six months to March after an asset quality review ordered by the central bank.
The draft guidelines include a move to allow large industrial companies to buy up to 10 per cent stakes in new lenders
Fiscal outlook to be little bit challenging next year: CEA
Traders suspect The Reserve Bank of India (RBI) bought bonds and actively intervened in the rupee to support sentiment.
India is more insulated to Fed-related volatility than other emerging markets due to its better economic fundamentals
India's central bank kept its key repo lending rate unchanged at 6.75 percent on Tuesday.
S&P expects India to grow at 7.4 per cent in 2015, similar to the central bank's forecast for the fiscal year ending in March.
A Reuters poll showed only one out of 51 economists had expected a 50 basis points rate cut.
Lending rates have to be sensitive to the policy rate, says RBI.
The rupee has fallen more than 2 per cent against the dollar since the yuan devaluation
The RBI chief was speaking to researchers at an analyst call.
Rajan was speaking at a news conference.
'Both IIP and CPI inflation numbers are showing a huge disconnect from the leading indicators.'
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