Ranking Of RBI Governor Should Be Raised, Says Raghuram Rajan

September 3, 2016 10:08 AM

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Ranking Of RBI Governor Should Be Raised, Says Raghuram Rajan

New Delhi/Mumbai: Reserve Bank of India head Raghuram Rajan urged the government on Saturday to elevate the ranking of the Reserve Bank of India governor, while defending the need to ensure independence of the institution, in his last public speech before his departure.

Dr Rajan said the ranking of the RBI governor, currently at cabinet secretary level, needed to be commensurate with the role - an issue that is believed to have played a part in Dr Rajan's unexpected announcement in June that he would not pursue a second term.

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