Rajan Rate-Cut Reward Boosts Odds He'll Stay on as RBI Governor

  • Rajan's term ends in September, can be extended by Modi
  • Modi, Rajan have recently taken series of complementary steps

Raghuram Rajan, governor of the Reserve Bank of India (RBI), speaks during a news conference in Mumbai, India, on Tuesday, April 5.

Photographer: Dhiraj Singh/Bloomberg

Raghuram Rajan’s quarter-point interest-rate cut in India on Tuesday added to signs of increased cooperation with the Modi administration that bolster his chances of staying at the helm of the central bank past September.

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