'When bankers are hounded by investigative agencies for credit decisions going wrong and defaulters are treated like outcasts, who will borrow money and who will lend?' asks Tamal Bandyopadhyay.
'India's economic fundamentals are much too strong to be affected by his resignation,' says B S Raghavan.
How do we get back to higher trend growth? The heart of the problem lies in private corporate investment, recommends Ajay Shah.
Traders are waiting for the earnings season to kick off.
Weaker-than-expected growth in US jobs in recent months had already forced US central bankers to put off a rate hike at their meeting last week
'Raghuram Rajan's contribution to the country's economy is "exemplary" and he would always be remembered for his outstanding work.'
The rupee slipped from its initial gains by 5 paise against the US currency to 67.89 in late morning deals on bouts of dollar demand from importers.
The RBI in its first quarterly review of the credit policy kept the repo and reverse repo -- short-term rates at which banks lend and borrow from RBI--unchanged, retained economic growth projection at 6 per cent with an upward bias and projected inflation at around 5 per cent by March, 2010.
The repo rate or the short term lending rate was increased to 7.5 per cent from 7.25 per cent.
Investors booked profits after strong 641-point rally in the previous two sessions, brokers said.
China's CSI300 stock index shed 1.1 per cent, hitting a five-week low, while shares of Hong Kong-listed Chinese companies sagged 0.9 per cent.
The public sector banks are not in a position to cut rates because of their weak balance sheets and massive portfolios of non-performing assets, says Devangshu Datta.
RBI seen cutting repo rate 25 bps on Sept 29, says a poll
Banks argued that loans of most lenders are funded primarily by retail deposits and not from the wholesale market as was the practice abroad
The govt would also be coming out with more measures to deal with inflation.
Industrialists affirm their belief that the adverse effects of demonetisation and the goods and services tax are finally over.
'The slide in growth has arisen primarily because we have an NBFC crisis on top of a banking crisis,' points out T T Ram Mohan.
Earlier, the RBI cut its policy interest rate to 6.75 per cent.
Rumours in the bureaucracy on his successor include the names of Sajjid Chinoy of JP Morgan, Rathin Roy of the National Institute of Public Finance and Policy, Neelkanth Mishra of Credit Suisse and the principal economic advisor, Sanjeev Sanyal.
The rupee had recovered by 8 paise to close at 66.91 in Tuesday's trade.
It is surprising that central bankers around the world have cautioned the US Federal Reserve against raising rates.
The career bureaucrat-turned-central banker walked into the 19th floor corner room of the Reserve Bank on December 12, 2018. Since February 2019, the Das-led RBI has cut the repo rate by a whopping 135 basis points to support the sagging growth, including an unprecedented 35 bps reduction in August. As he completes one year at the helm, woes in the NBFC sector, overall health of the banking sector and steeply falling economic growth are among the major challenges that needs to be tackled sooner than later.
If the central banks act harshly now, the markets will crash and then rally. If they are hesitant, the pain will be prolonged, predicts Debashis Basu.
Fed seen holding rates steady as investor confidence shakes
The RBI may grant licences for setting up small finance and payment banks by April 2015.
The IMF has encouraged both the UK and the EU to work collaboratively towards a smooth transition.
Interest rate sensitive stocks gain ground post decision
Defending the liquor ban in Bihar, he said that the state's prohibition policy has benefitted several people and a large number of people have given up drinking alcohol due to his measures.
Although this may not be music to Raghuram Rajan and Viral Acharya's ears, the real reason in my estimation for their quitting is expatriate over-sensitivity, intolerance or arrogance, argues B S Raghavan, the distinguished civil servant.
oreign Policy magazine named him as one of the world's top 100 global thinkers in 2011.
Government hits back, tells rating agency to introspect on processes.
The RBI has this year cut interest rates by 110 basis points in four instalments but banks have passed only a part of it to borrowers. Before the last reduction earlier this month of 35 basis points, the bank on an average had passed only 29 basis points out of 75 basis points cut affected during 2019.
Investors will keenly watch US Fed meet starting Tuesday
As it stands, there does not seem to be a threat to prices.
Hong Kong is the world's freest economy according to the Index of Economic Freedom 2015.
'The finance minister in her Budget speech should spell out how exactly she intends to get back to the 7% track, and the hard decisions she intends to take in order to adjust to the realities of a slowing economy until growth momentum returns,' suggests T N Ninan.
'Singh has written that he fears demonetisation will end up a mammoth tragedy.' 'Modi has told us we will enter a better world in January.' 'Both men can't be right and we will know which one of them is wrong soon,' says Aakar Patel.
Reserve Bank of India Deputy Governor Viral Acharya is the eighth economist to quit since the Modi government took office.
Rupee, bonds may see knee-jerk reaction, as Urjit Patel is considered an inflation warrior
From NITI Aayog to industry leaders to the Reserve Bank of India, all are apprehensive that any major increase in MSP, following the 2018-19 Budget announcements, would push up prices, if not immediately, in the next six to eight months after the decision is taken.
