RBI Governor Raghuram Rajan 'doesn't want extension'

New Delhi: A media report yesterday claimed that Reserve Bank of India (RBI) Governor Raghuram Rajan has indicated that he does not want to remain in the position after his tenure ends in September.

Raghuram Rajan
RBI chief Raghuram Rajan

In its report, a leading Bengali daily stated that Rajan has informed the Centre that once his term ends, he would return to the US.

Quoting sources close to Rajan, the report states that he has plans to join an American university and pursue research on the Indian economy.

Rajan recently came under a strong attack from BJP leader Subramanian Swamy, who demanded he be sacked.

However, Prime Minister Narendra Modi had indicated that he would want Rajan to continue, the daily said. In addition, several BJP leaders have questioned the logic of Swamy’s demand. Speculations are rife that party President Amit Shah is backing him.

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