Return To Academia: RBI governor to step down in Sept

Rajan has been popular with foreign investors who cheered his efforts to lower Indian inflation

MUMBAI:  

The Reserve Bank of India (RBI) Governor Raghuram Rajan said on Saturday that he would leave the central bank when his term ends on September 4. He plans to return to academia. Rajan, a former chief economist at the International Monetary Fund (IMF), has been popular with foreign investors who cheered his efforts to lower Indian inflation and clean up Indian state-run banks’ massive bad loans. “I am an academic and I have always made it clear that my ultimate home is in the realm of ideas,” Rajan said in a message to central bank staff, which the RBI posted on its website.

Published in The Express Tribune, June 19^th, 2016.

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