"I am an academic and I have always made it clear that my ultimate home is in the realm of ideas," Rajan said in a letter to staff.
A PhD from Chicago-Booth and a top-ranking IIT-IIM alumnus, Krishnamurthy Subramanian is one of the world's leading experts in banking, corporate governance and economic policy
The Congress party has tweeted a 1.44-minute clip from the conversation which will be aired in full at 9 am Tuesday.
India imposes restrictions on how much money its citizens and companies can invest abroad
RBI governor Raghuram Rajan and the government are working towards financial inclusion.
The decision assumes significance in the wake of a scam in the PMC Bank affecting lakhs of customers who are facing difficulties in withdrawing their money due to restrictions imposed by the Reserve Bank of India.
Rajan added "many" market participants were convinced that India could hit the RBI's target of bringing down consumer inflation to 6 percent by January 2016.
The central bank kept cash reserve ratio unchanged at 4 per cent.
He warned low interest rates globally could distort markets and would be difficult to abandon
Most economists feel the RBI has room for a 25-basis point cut, having met inflation targets comfortably
There are however, enough dovish signals in the governor's statement to indicate a pro-growth policy going forward.
RBI Governor has been under pressure from Finance Ministry.
With September 11's rise, has appreciated 5.5% in just a week
RBI has, since January, cut its policy rate four times.
The rupee has fallen more than 2 per cent against the dollar since the yuan devaluation
The RBI chief was speaking to researchers at an analyst call.
RBI has kept interest rate unchanged at 8 per cent since January
RBI conducts interviews for first lateral hire for CGM post; deputy governors to head four distinct verticals.
The government has retained Arvind Subramanian as its chief economic advisor, unlike other American professors Dr Raghuram Rajan and Arvind Panagariya, who quit their jobs as RBI governor and NITI deputy chairman respectively.
Inflation has remained a major concern.
'With his envious academic record, extraordinary research calibre and unparalleled work experience, we can trust him to become the first Indian -- fully Indian, not one of those Americans of Indian origin -- to win the Nobel Prize in Economics,' says Sudhir Bisht.
Uber had run into trouble with the RBI over the two-payment process
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.
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.
Raghuram Rajan said a six-member monetary policy committee will decide on interest rates.
The NPA of the public sector banks rose to 6.03% as of June 2015.
BSE Realty, Capital Goods and Consumer Durables indices were down by 3% each.
Payments banks are niche banks which will be allowed to function with several restrictions.
Subdued exports remain an area of concern.
Upside risks to inflation persist from higher growth and expansive govt spending.
Some accounts can be revived by rescheduling loans, which the RBI envisages to do once the norms get finalised after the public discussion.
The surge is a stark turnaround from 2013 when the country's current account gap hit a record high due to outflows on expectations the US Fed would rein in its stimulus programme
Rajan said the process of dialogue with the government did not reach a stage where he could have agreed to stay on
Anandabazar Patrika reported that Rajan would prefer to go back to the United States after his three-year term expires in early September
There is also a lobby within the bureaucracy that wants to see Rajan's influence curtailed
The policy will be presented in the backdrop of rising inflation.
While Raghuram Rajan's departure under these circumstances is a pity, it would be wrong to conclude that the RBI or the economy cannot do without him.
Jaitley said manufacturing sector will continue to face challenges unless it transitions itself while keeping the quality and price in mind.
The macro economic situation and currency depreciation might top the priority list of Reserve Bank of India (RBI) governor-designate Raghuram Rajan.
RBI governor also spoke on the ill effects of cutting interest rates too much
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