Urjit Patel's reappointment will raise market hopes that Rajan, will also be offered an extension when his tenure ends in September.
He cautioned however that these are the early signs and one should not start celebrating.
Fiscal outlook to be little bit challenging next year: CEA
Onno Ruhl said it is imperative to have a favourable global environment in addition to the domestic advantages.
The rupee's travails allow the RBI's incoming governor to renegotiate the objectives of monetary policy.
Reserve Bank Governor Shaktikanta Das on Tuesday said the fiscal-monetary coordination was at its best during the last six years even as he thanked Prime Minister Narendra Modi for giving the opportunity to head the monetary authority of the country. Das, in a series of posts on X, on his last day of his six-year term as RBI Governor, also thanked the Finance Minister, various stakeholders and his colleagues at the central bank.
The central bank dashed hopes of any steep interest rate reduction.
Anandabazar Patrika reported that Rajan would prefer to go back to the United States after his three-year term expires in early September
Rajan said too many infra projects do not have forex earnings thus are unable to pay in dollars or yen
'I think the markets will move up given that there will be more money.'
RBI has kept interest rate unchanged at 8 per cent since January
Traditionally, food prices have been seasonal in nature.
The BJP MP said the guidelines for grant of licences were 'brazenly flouted'.
The government has extended the term of Reserve Bank of India Governor Shaktikanta Das by another three years upto December 2024, according to an official order.
The Supreme Court decision to cancel the allocation of 214 coal blocks will have bearing on thermal power plants, in which the banks have put in more than Rs 1 lakh crore (Rs 1 trillion) as loans.
'After a long time, we have a governor who is approachable. The RBI's interactions with us are now much better.'
To provide exporters/importers greater flexibility in risk management, RBI enhanced the limit available to exporters to 50 per cent
RBI sees marginal improvement in economic growth to 5-6%.
Subramanian, a senior fellow at the Peterson Institute for International Economics in Washington, attended a news conference in New Delhi at which his appointment was announced.
In his first monetary policy review since taking office on September 4, RBI Governor Raghuram Rajan increased the repo rate by 25 basis points to 7.50 per cent.
He was responding to a question on economic reforms in the country.
The RBI wants CPI inflation to ease further to 6 per cent by January 2016.
RBI Governor has been under pressure from Finance Ministry.
RBI aiming to bring down headline number to 8% by end of this year and to 6% by the end of next year.
As the global economy sways into uncertain territories and domestic prices almost certain to rise, Raghuram Rajan's ideas would have come in handy.
Subdued exports remain an area of concern.
The academic prize is sponsored by the Deutsche Bank Donation Fund and carries an endowment of euro 50,000.
Describing the BJP's election victory as an "astonishing triumph of Narendra Modi", noted economist Jagdish Bhagwati on Monday advised him to retain Raghuram Rajan as RBI Governor and to hold monthly press conferences to articulate the government's agenda.
He added that the risks can increase if the Chinese slowdown gathers more speed.
RBI governor Raghuram Rajan is clear about cleaning up the mess in the banking system.
Rajan said the process of dialogue with the government did not reach a stage where he could have agreed to stay on
Rajan will be closely working with the RBI governor and the four deputy governors to gain familiarity with the central bank's stance on various issues.
Raghuram Rajan, a former chief economist at the International Monetary Fund, takes charge at the RBI as the country faces its worst economic crunch since a balance of payments crisis two decades ago.
Raghuram Rajan - the new Reserve Bank of India (RBI) governor - has announced a slew of measures to attract capital flows in the country to provide support to the rupee which has depreciated around 22% in the current financial year.
The rupee has fallen more than 2 per cent against the dollar since the yuan devaluation
Asserting that retail inflation excluding food and fuel is still at an elevated level, the Reserve Bank of India on Tuesday said it would endeavour to curb price increases.
The inflation target of the RBI would be reviewed once every five years.
The Reserve Bank on Friday set up a three-member committee under former Governor Bimal Jalan to scrutinise applications for new bank licences, which are expected to be awarded by January.
Prime Minister Narendra Modi defended Mr Rajan, but it would be debated why he took so long to dub criticisms like those against the RBI governor as improper.
'I often see people try to put down China.'
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances