The committee had eminent people on it and making any allegations like this is 'outlandish', Sitharaman said.
With September 11's rise, has appreciated 5.5% in just a week
While the RBI has been intervening heavily in both spot and forward markets to support the currency, especially when it nears its record lows, there are technical signs that the rupee is set for some near-term consolidation.
Benchmark indices end at a three week high but Nifty remains shy of 5,600 level.
Declining value of the rupee, widening Current Account Deficit (CAD) and the impact of likely tapering of US bond purchases are some of the key issues which will keep Raghuram Rajan busy.
NPA issues in the banking sector, standoffs in Parliament denting the reform momentum and limited space on the fiscal side are among the major concerns for investors.
Officials, however, said one person's thinking might not change the views of the institution.
Rajan further said the current account deficit would be better in June than in May.
Raghuram Rajan's three-year term is the shortest of any G20 country and the recent governors have been given second terms as much as seven months in advance.
Rajan's departure from the RBI is an end to 'outside interference' in policy making, government insiders feel.
We require a very pivotal kind of leadership now from the central bank in order to work with the government
RBI Governor Raghuram Rajan will also participate in the meet.
Subramanian Swamy has been critical of Rajan for not lowering interest rates earlier to boost growth.
The principal challenge for Rajan's successor is to work with the Bank Board Bureau and the finance ministry to complete these processes of banking reform.
Last August, RBI gave in-principle approval to 11 applicants.
Rate cuts are a natural consequence that the RBI has no hesitancy in delivering.
Sources said Rajan will make the customary call on the Finance Minister on Monday, a day before he presents the policy.
The rupee has gained 1.89 percent against the dollar in the month to date and 2.93 percent in the past six months.
Labour reforms have been pending in India for long.
'I am sure Dr Patra will get the fullest cooperation from the finance minister who needs workhorses, not prima donnas constantly looking to improve their CVs,' says T C A Srinivasa-Raghavan.
'There are deeper, underlying, forces at work and we need institutional arrangements to guard against them.'
Rajan expressed concerns on pressures on the services front.
Rajan also said the RBI had reduced the current account deficit "substantially".
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
Reserve Bank Governor Raghuram Rajan expressed confidence in India's growth and said the country is on target to meet Jan inflation target of below 6%.
Rajan had overturned the majority opinion of the members and chose to hold the rates at the last monetary policy review in October.
Reserve Bank Governor Raghuram Rajan on Friday said banking sector will see major changes in the coming years.
'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.
The bonds will likely be simultaneously launched in major financial centres such as London, Singapore, Hong Kong, New York for a term of no less than 20 years.
Rajan is an acknowledged academic, author and intellectual. He spoke on issues which are in the public domain, said Chidambaram
Raghuram Rajan said a six-member monetary policy committee will decide on interest rates.
To help cut down on current account deficit.
The book was thinner by 60 pages compared to last year.
A high import of the metal is putting pressure on current account deficit.
FM's top adviser Raghuram Rajan had earlier said that the target was tough to meet.
The government needs to now put in efforts to strengthen the recovery process, he feels.
RBI Governor Raghuram Rajan's decision to not seek a second term is a "personal one" which everybody should respect, Chanda Kochhar MD & CEO, ICICI Bank said.
Rajan addressed a group of investors in Boston on Thursday.
The RBI kept its key policy repo rate unchanged at 8.0 percent in its recent monetary policy.
In his address at a conference of state secretaries, Rajan stressed the need to strengthen state-level coordination committees by ensuring participation, conducting meetings more frequently and sharing quality information among all stakeholders, including state government agencies.
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