Rajan has already warned he does not have a 'magic wand' to deal with India's economic crisis.
With September 11's rise, has appreciated 5.5% in just a week
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.
Rajan had said that there was lack of clarity about the new method.
Raghuram Rajan said on Friday it is not clear India needs a so-called "bad bank.
Officials, however, said one person's thinking might not change the views of the institution.
The government needs to now put in efforts to strengthen the recovery process, he feels.
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.
Raghuram Rajan's decision to go back to academics might spell short term negativity for the stock, currency and bond markets.
"I'm taking a minute to respond... I do respect Raghuram Rajan as a great scholar who chose to be in the central bank in India at a time when the Indian economy was all buoyant," Sitharaman said during the lecture organised by the Deepak and Neera Raj Centre on Indian Economic Policies of the Columbia University.
To help cut down on current account deficit.
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.
Raghuram Rajan is said to have informally written to select policymakers and experts, to curb 'unnecessary' speculation over his future at RBI.
The country has come a long way in the process of financial inclusion, Raghuram Rajan said, but "still has a way to go".
Fiscal outlook to be little bit challenging next year: CEA
The Indian economy has "some bright spots and a number of very dark stains" and the government should target its spending "carefully" so that there are no huge deficits, noted economist and former RBI Governor Raghuram Rajan said on Sunday. Known for his frank views, Rajan also said the government needs to do more to prevent a K-shaped recovery of the economy hit by the coronavirus pandemic. Generally, a K-shaped recovery will reflect a situation where technology and large capital firms recover at a far faster rate than small businesses and industries that have been significantly impacted by the pandemic.
In terms of magnitude of rate cuts, Morgan Stanley expects 50-100 basis points of policy rate cuts in 2015, depending on the inflation trajectory, which in turn will be dependent on the trend in commodity prices, fiscal deficit and rural wage growth.
Reiterating his earlier stance, BJP's Rajya Sabha member Subramanian Swamy has written a letter to Prime Minister Narendra Modi, asking him to sack RBI Governor Raghuram Rajan.
This is the second high profile resignation in the past six months at the Reserve Bank of India.
Inflation is a big concern for India, says RBI chief Raghuram Rajan.
She would be the first Indian to be occupying the coveted post at IMF after former RBI governor Raghuram Rajan
Raghuram Rajan, whose current three-year tenure ends on September 4, has already said no to a second term.
The Reserve Bank of India Governor Raghuram Rajan said bringing down inflation would help stabilise the rupee.
Rajan's colleague in the ministry, Economic Affairs Secretary Arvind Mayaram, also expressed hope on Thursday that the central bank would vote for growth.
'Helicopter drop' was first proposed as an alternative to quantitative easing.
Two members recommended bringing down the rate by 50 bps in the April policy.
At Vigyan Bhavan, Prime Minister Manmohan Singh sat with silent stillness as a key economic advisor and the head of India's central bank discussed the legacy of his reforms - a legacy that speakers said was under threat because of complacency.
Finance Minister Nirmala Sitharaman has rebutted Congress leaders Rahul Gandhi and Randeep Singh Surjewala's allegations regarding "wilful defaulters, bad loans and write-offs", and stated that they have "attempted to mislead people in a brazen manner".
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Rajan, the academic-turned-central banker who is credited with predicting the global financial crisis, said that voicing of views will have positive effects.
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The truth is the government and the Reserve Bank enjoy a free, frank and cordial relationship.
The mid-year analysis lowered the growth projection for the current financial year to 5.7-5.9 per cent from 7.6 per cent estimated earlier.
Rajan had cautioned against any deviation from the fiscal discipline path.
RBI Governor cautioned against more volatility.
The declining inflation and a negative industrial outlook have strengthened the case for RBI.
India is more insulated to Fed-related volatility than other emerging markets due to its better economic fundamentals
RBI governor Raghuram Rajan is concernedabout the rupee votality.
The answer to the problems of high inflation and slowing growth, and low farm incomes, would lie in addressing the basic reforms that India is still to attempt -- like labour laws, says T N Ninan.
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