Dr. Rajan declined to comment on speculation over his future, telling reporters on Tuesday: "You will know when there is news." "Sensible foreign investors ... will understand that, with or without Governor Rajan, India has the ability to realize its tremendous potential, but it will take time." Will Raghuram Rajan be offered an extension on his tenure as RBI Governor in September? Under a bill passed by parliament, the panel would be composed of six members - three nominated from the central bank and three from the government. Nevertheless, Dr. Rajan would be many investors' favoured choice.

Source: dna June 08, 2016 05:15 UTC