'I Was Willing To Stay', Says Raghuram Rajan, A Day Before Leaving His Position As RBI Governor

Raghuram Rajan will serve his last day as the 23rd Governor of the Reserve Bank of India on 4th September, and those who’re swayed by his phenomenal work are already grieving. Nearly a day before leaving RBI, Rajan confessed that he wanted to pursue his term as the Governor, but he could not come to a proper agreement with the government.

"Because of ... the unfinished task, I was willing perhaps to stay, provided we could reach the right kind of agreement, but we didn't. That's where it ended", said Rajan, whose governance promised low inflation rates and a prospering economic agenda.

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Getting all candid in an interview, the former IMF chief said that he wanted a second term to complete his unfinished business but just didn’t reach an agreement with the government on that. He said, there were a lot of things on his mind and a lot more on-going tasks that he wanted to chase.

"We started the dialogue and we were going along that path but essentially we agreed at some point that it did not make sense to pursue the dialogue further," he said.

Before Rajan, many other governors like C Rangarajan, Y V Reddy, Bimal Jalan and D Subbarao had five-year terms. Rajan nonetheless would leave RBI on the completion of his three-year term as a Governor.?

Also read:?RBI's Colourful Tribute To Raghuram Rajan Is The Perfect Way To Bid Him Goodbye