Won’t spoil fun: Raghuram Rajan on 2nd term speculation

“It would be cruel to spoil the fun that the press is having with all its speculation,” said RBI governor Raghuram Rajan, reading from a prepared statement on Tuesday to answer the inevitable question: whether or not he would continue in his post after his term expires on September 4. His response drew appreciative laughter.

He said at the post-monetary policy media briefing that he was “personally intrigued by all the letters that I am supposed to have written”. He added: “In all such cases a decision is reached after discussion with the government and the incumbent. I am sure you will know when there is news. I cannot do better than point you to the statements of the finance minister and the Prime Minister. That’s all I have to say.”