If Mr Rajan's citizenship is considered relevant for heading an organisation that issues sovereign currency, should the provenance of a participant in a critical function of a sovereign democracy not count as well?
'The RBI risks becoming dangerously weakened, as successive governments and finance ministers have misunderstood its role'.
Investors will see that India story actually continues to be a good one, he said.
Rajan's departure from the RBI is an end to 'outside interference' in policy making, government insiders feel.
Rajan addressed a group of investors in Boston on Thursday.
It is unlikely that the RBI will drop rates until the inflation rate drops below five per cent.
The truth is the government and the Reserve Bank enjoy a free, frank and cordial relationship.
Minutes after the Union Cabinet approved raising the cap on subsidised liquefied petroleum gas (LPG) cylinders from nine to 12 per connection in a year, Reserve Bank of India (RBI) Governor Raghuram Rajan questioned the decision, suggesting it was "misdirected subsidy".
Rajan said an interest rate cut won't by itself lead to higher economic growth
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.
Regardless of who is right, Rajan has to quickly come to grips with a number of obvious challenges, ranging from the immediate to the medium term.
Two members recommended bringing down the rate by 50 bps in the April policy.
Rajan said the relationship between the RBI and the government has been strong.
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".
The RBI's bi-monthly policy review on June 3 will be the first after Prime Minister Narendra Modi assumed office on May 26.
Considering the economic downturn, the banking sector should help strengthen the cooperative sector to encourage small and medium industries and create jobs, Chavan said.
Individuals will have to wait for some more time; RBI may do away with mid-quarter policy reviews.
He also made it clear that the pre-2005 notes will continue to be legal tender.
We need a change in mindset, says the RBI Governor.
In 2013, India suffered its worst currency crisis in more than two decades but has regained the confidence of foreign investors in part after its current account deficit has narrowed sharply and its foreign exchange reserves hit a record high
He called on developed countries to play their part in restoring international monetary cooperation.
Reserve Bank of India Governor Raghuram Rajan, who will present his maiden policy on September 20, held discussions on Tuesday with Prime Minister Manmohan Singh and Finance Minister P Chidambaram on the macro-economic situation.
The new Guv needs to focus on structural inflation problems.
There are however, enough dovish signals in the governor's statement to indicate a pro-growth policy going forward.
Last August, RBI gave in-principle approval to 11 applicants.
'Too many things happen in India... that is the root of the problem, not Raghuram Rajan'
India needs foreign exchange buffer reserves to insulate itself from exchange rate volatility as we have "no friends" for swap lines and Japan was the only country that helped during the taper tantrum in 2013, former RBI Governor Raghuram Rajan said on Tuesday. Participating in a virtual event organised by economic think tank NCAER, Rajan said during the taper tantrum in 2013, India asked for swap lines, and only country who helped was Japan. "We need this (foreign exchange) reserve buffer to insulate ourselves because we have no friends.
Fed move based on US economic recovery, which should boost India's exports, narrow CAD and help curb 'imported' inflation
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.
AIBEA said that on April 19 its officer bearers would meet in Punjab to decide the next course of action.
Centre to take a call only in August, just a month before his three-year term ends.
Raghuram Rajan, Governor of the Reserve Bank of India, has scoffed at the contention that BJP's Prime Ministerial nominee, Gujarat Chief Minister Narendra Modi will be the knight in shining armour who will root out corruption in India.
The rupee has gained 1.89 percent against the dollar in the month to date and 2.93 percent in the past six months.
Upside risks to inflation persist from higher growth and expansive govt spending.
Rajan has a great track record abroad.
What's encouraging is that the process of unwinding some of the extraordinary steps taken in last July-August is continuing, so moreliberalisation is back on their agenda.
RBI governor is seen succeeding International Monetary Fund (IMF) chief executive officer, Christine Lagarde, next year.
'It is sad for the country and it is sad for the government of the country too,' says the Nobel Laureate.
Indian economic growth hit a low of five per cent in the financial year ended March 31,2013 and further slowed in the first quarter of FY14.