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.
RBI governor Raghuram Rajan is concernedabout the rupee votality.
He also said that he stands by Modi as he admires his spine but took a dig at journalists planting "deliberately false stories" to provoke him.
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.
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.
RBI Governor Raghuram Rajan plans to write on 'academic issues' after leaving the Reserve Bank.
Modi will also need to reconcile market demands with those from forces within his own administration
'The finance ministry and public sector banks have tried to keep the names of wilful defaulters secret.' 'Secrecy and concealing information are inbred among banks and even the RBI,' observes Debashis Basu, editor, www.moneylife.in.
Rajan said the central bank has used up all its "space available" to cut interest rates
Labour reforms have been pending in India for long.
"I think, this is something that all Indians should be concerned about because strength of our institutions is really important for our growth, sustainable growth and equity in the economy," said Rajan.
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.
RBI Governor Raghuram Rajan will also participate in the meet.
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.
Two successive reports, one by Percy Mistry in 2007 and the other by Raghuram Rajan in 2008 had provided the RBI and the finance ministry with blueprints of what to do next. Both reports, unfortunately, was put on ice. The global meltdown saved the RBI. It also saved the finance ministry from having to work on the two reports.
We require a very pivotal kind of leadership now from the central bank in order to work with the government
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.
Rajan expressed concerns on pressures on the services front.
Rate cuts are a natural consequence that the RBI has no hesitancy in delivering.
Rajan also said the RBI had reduced the current account deficit "substantially".
Last August, RBI gave in-principle approval to 11 applicants.
Rajan had overturned the majority opinion of the members and chose to hold the rates at the last monetary policy review in October.
Subramanian Swamy has been critical of Rajan for not lowering interest rates earlier to boost growth.
Reserve Bank Governor Raghuram Rajan on Friday said banking sector will see major changes in the coming years.
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%.
To help cut down on current account deficit.
Rajan says, this is a time where countries should be focusing on getting the macro stability in order
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
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.
20 occasions she captured our attention.
Rajan addressed a group of investors in Boston on Thursday.
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.
Raghuram Rajan said a six-member monetary policy committee will decide on interest rates.
