Raghuram Rajan tight-lipped over questions on second tenure

| Tuesday, June 7, 2016 - 15:39
First Published |
Raghuram Rajan, RBI Governor, Raghuram Rajan tenure, Reserve Bank of India

New Delhi: Reserve Bank of India (RBI) Governor Raghuram Rajan on Tuesday refused to divulge any details on whether or not he will continue at the central bank after his tenure ends later this year.

Taking a dig at the extension questions by the media, Rajan said, “I have a prepared statement for that. As far as the question of my continuing with this position after September 4th goes, it will be cruel to spoil the fun that the press is having with all its speculation.”

(Also read: RBI keeps repo rate unchanged at 6.50%, CRR at 4%)

Rajan’s tenure as the RBI Governor ends in September later this year. Bharatiya Janata Party (BJP) leader Subramanian Swamy earlier in May had ‘blamed’ Rajan for rising inflation and increasing unemployment, and called for his immediate removal.

The public opinion, however, is totally different. Nearly 60,000 people want the RBI Governor offered an extension, according to Change.org, an online petition platform.

This is perhaps for the first time in the RBI's history that a public petitioning is happening on whether the incumbent governor should be given a service extension.

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