When asked whether Raghuram Rajan will continue to be the governor of the RBI, he said that he can’t spoil the fun that the press is having on speculation of him continuing as RBI governor, with a smile on his face.
He said he can only point to the statements made by Prime Minister Narendra Modi as well as Finance Minister Arun Jaitley on the issue.
“I will direct you all to the statements of FM Arun Jaitley & PM Narendra Modi regarding my reappointment,” he further added.
There have been reports ranging from his desire not to seek a second term to his writing to policymakers to put an end to being dragged in the political slug fest over the issue.
RBI kept its policy interest rate unchanged at a five-year low of 6.5 per cent on Tuesday, while signalling the prospect of another cut later this year if monsoon rains dampen upward pressure on food prices.
Rajan’s term as the governor expires on September 4th, 2016.
RBI credit policy June 2016: Full coverage