​​​
  1. Rexit: Onus on Centre to name Raghuram Rajan successor fast, says Ajay Bagga

Rexit: Onus on Centre to name Raghuram Rajan successor fast, says Ajay Bagga

RBI Governor Raghuram Rajan has indicated he will not seek a second term.

By: | New Delhi | Published: June 20, 2016 4:00 PM

RBI Governor Raghuram Rajan has indicated he will not seek a second term. Rajan, a former chief economist at the International Monetary Fund, is held in high esteem by policymakers and investors at home and abroad for overhauling the way the RBI operates and for managing the economy efficiently.

Reacting to the news, market analyst Ajay Bagga believes that markets don’t like surprises, and hence Rajan’s departure may well impact the Foreign Exchange, Bond and Equity markets.

“Raghuram Rajan has done a good job as RBI Governor. The surprise element will impact the FX , Bond and Equity markets sentiment for a short time. Coupled with the Brexit related volatility the impact can be a little more. The onus will be on the Central government to announce a successor fast and to accelerate the reforms process. More than that there is a lot of depth in RBI to manage the transition and to take monetary policy ahead” said Bagga.

Also Read: Raghuram Rajan’s term ends in September: Key issues the new RBI governor will have to tackle

Rajan’s term as RBi governor ends in September 2016.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top