Letters: Focus shifts to Rajan

Letters: Focus shifts to Rajan: Although the external situation continues to be uncertain and challenging, on the domestic front the general outlook is positive and growth remains steady...


Excerpts:

"Above all, this time the market is interested in knowing whether RBI Governor Raghuram Rajan will continue in his post after his term ends in September. This indicates the level of credibility Rajan enjoys in the market. I don't think Prime Minister Narendra Modi will let Rajan go; rather he will utilise Rajan's services to strengthen the fundamentals of economy, the rupee liquidity framework, ease associated complexities and restore the health of banks".

Srinivasan Umashankar, Nagpur

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