Reactions to Rajan’s Decision to Leave the Reserve Bank of India

  • Finance Minister Jaitley says a successor will be named soon
  • Strategist says ‘one step forward, two steps back’ for India

Raghuram Rajan will return to academia when his three-year term as governor of the Reserve Bank of India concludes in September, a decision that ends uncertainty about his future while creating risks for Asia’s No. 3 economy. Here are some of the reactions to his announcement, which came in a letter to the central bank’s staff published on Saturday following criticism of the governor by an ally of Prime Minister Narendra Modi.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.