RBI Governor Raghuram Rajan plans to write on 'academic issues' after leaving the Reserve Bank.
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.
Modi will also need to reconcile market demands with those from forces within his own administration
Rajan said the central bank has used up all its "space available" to cut interest rates
Officials, however, said one person's thinking might not change the views of the institution.
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.
Rajan further said the current account deficit would be better in June than in May.
Rajan says, this is a time where countries should be focusing on getting the macro stability in order
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.
Labour reforms have been pending in India for long.
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.
Sources said Rajan will make the customary call on the Finance Minister on Monday, a day before he presents the policy.
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.
The rupee has gained 1.89 percent against the dollar in the month to date and 2.93 percent in the past six months.
Rate cuts are a natural consequence that the RBI has no hesitancy in delivering.
Subramanian Swamy has been critical of Rajan for not lowering interest rates earlier to boost growth.
Last August, RBI gave in-principle approval to 11 applicants.
Rajan expressed concerns on pressures on the services front.
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.
Rajan also said the RBI had reduced the current account deficit "substantially".
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 expressed confidence in India's growth and said the country is on target to meet Jan inflation target of below 6%.
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
Reserve Bank Governor Raghuram Rajan on Friday said banking sector will see major changes in the coming years.
To help cut down on current account deficit.
The committee had eminent people on it and making any allegations like this is 'outlandish', Sitharaman said.
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.
Raghuram Rajan said a six-member monetary policy committee will decide on interest rates.
Rajan is an acknowledged academic, author and intellectual. He spoke on issues which are in the public domain, said Chidambaram
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.
The RBI kept its key policy repo rate unchanged at 8.0 percent in its recent monetary policy.
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.
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