Rate cut hopes only from Subbarao's successor | Business Standard

Rate cut hopes only from Subbarao's successor | Business Standard

Online comments posted on June 19, 2013:

It is true that Dr Subbarao has, in media interactions, indicated he was not keen to continue beyond September, 2013. But no RBI Governor in the past also has given out his mind about his expectations about further extension of tenure especially after the ‘normal’ 5 years term. But politically and from a mere expediency angle, certain factors are in favour of giving a one year extension to Dr Subbarao. With 2014 Elections round the corner, experimenting with a new face at Mint Road, howsoever ‘faithful’ to North Block he may be will be a risk GOI should avoid. For the new incumbent also, it will save a lot of ‘adjustments’, if he takes over post-2014 Elections.

M G WARRIER 


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