Rupee has tumbled about 10 per cent alone since Rajan's appointment on August 6.
Former Banque de France head Jacques de Larosire was given the Lifetime Achievement Award for his lengthy struggle for monetary order, the magazine said in a statement on Monday.
Rajan has set March 2017 as the deadline for banks to clean up their balance sheets.
By March 28, the reserves rose by a whopping $5.038 billion to $303.673 billion, the second highest in the fiscal.
RBI ex-governor's book on 'those turbulent but exciting times' to be launched on Sept 5 in Chennai.
He takes over at Mint Road at a time when the governor's job is even less easy than it is normally.
Raghuram Rajan optimistic about passage of GST
'For a large vibrant economy like India's, there is always hope. We still have tools to tackle our problems. But we must exercise those tools with vigor and a sense of urgency.' Professor Raghuram Rajan, the celebrated economist who will be the Reserve Bank of India's next governor, revealed what India must do to start growing again in this memorable speech last year. Can he now deliver results?
Jaitley has made it a habit of giving soundbytes to the media like his predecessors on why RBI should cut interest rates
Gopalakrishna's name was in the reckoning for Deputy Governor in place of Anand Sinha who retired in January.
Raghuram Rajan said the head of the central bank should have a fixed tenure of more than three years as the current term was too short.
Former RBI governor Raghuram Rajan on Monday said the central bank will have to raise interest rates to tame inflation and the hikes need not be considered by politicians and bureaucrats as some "anti-national" activity. Known for his frank views, Rajan also said it was important to remember that the "war against inflation" is never over. "Inflation is up in India. At some point, the RBI will have to raise rates, like the rest of the world is doing," he said in a LinkedIn post.
Though Nobel Prize nominations have been a secret for 50 years, speculation abounds over the contenders for this year's prize in economics.
On September 4, at a time when the rupee was the worst performer among Asian currencies, Raghuram Rajan took charge as RBI's governor.
Rajan, as expected, furthered his predecessors' agenda and continued with the same resolution to make India's financial system safer, and direct the economy towards further liberalisation
Raghuram Rajan says he's not beholden to the Finance Ministry nor does he go around with the fear of being fired.
'Dr Rajan is often preachy with commandments aimed at nobody in particular,' complains M S Sriram.
The meeting, which comes just days before the next bi-monthly monetary policy review on June 3, lasted for about 50 minutes.
Rajan will evolve a policy with the help of professional persons for a national consensus if we have to carry on with implementing social and economic changes in a complex economy.
Never one to mince words, Rajan will walk away with a mixed legacy
On Aug 11, the Chinese central bank surprised markets by devaluing the yuan by nearly 2 per cent.
Sounding a note of caution, former Reserve Bank Governor Raghuram Rajan has said that India is "dangerously close" to the Hindu rate of growth in view of subdued private sector investment, high interest rates and slowing global growth. Rajan said that sequential slowdown in the quarterly growth, as revealed by the latest estimate of national income released by the National Statistical Office (NSO) last month, was worrying. Hindu rate of growth is a term describing low Indian economic growth rates from the 1950s to the 1980s, which averaged around 4 per cent.
The immediate priority for the new governor will be to draft the mid-quarter review
A day after the Reserve Bank of India's monetary policy review, the RBI Governor talked to journalists on related issues.
Raghuram Rajan's 'surgery' uncovers more bad loans
The Reserve Bank has reduced interest rate by 150 bps since January 2015.
Rajan's appointment will be perceived as a positive development.
Retail inflation was at a 25-month low of 8.1 per cent in February.
The comments assume importance as the traditional position of the central bank has been not to set a forex reserves target.
The RBI Governor also reiterated his reservation against repeated loan waivers by various state governments, saying the move distorts credit pricing, thereby also disrupting the credit market.
Reserve Bank of India Governor Raghuram Rajan said, in an election year, it is better to be ready for any eventuality.
Dr Rajan is a person of very high caliber
Rajan rules out picking unconventional tools to tame inflation
In the past, there have been instances of people getting fake e-mails in the name of RBI.
DBS called Rajan's decision not to seek an extension as a 'negative surprise'.
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The Reserve Bank released a report on 'Banking Structure in India -- The Way Forward' in August 2013, which covered issues such as consolidation of large-sized banks with a view to have a few global-sized banks and the desirability and practicality of having small, localised banks as preferred vehicles for financial inclusion.
Reserve Bank of India (RBI) Governor Raghuram Rajan spoke on a host of issues at his last post-policy interaction with the media
RBI Governor Raghuram Rajan stressed that trade, immigration and capital flows must not be hindered.
All eyes are on new Reserve Bank Governor Raghuram Rajan who will come out with his maiden monetary policy review on Friday amid conflicting demands for rate cut and an urgent need to contain inflation which soared to 6-month high of 6.1 per cent in August.
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