Rajan says India should not change course, as he steps back from RBI

Rajan says his "ultimate home" is the "realm of ideas". Photo: Vishal Kullarwar

Raghuram Rajan today (June 20) urged Indian policy-makers to continue his efforts to keep inflation low when he moves on from the central bank later this year.

Rajan is to step down from his role as governor of the Reserve Bank of India (RBI) when his three-year term draws to an end in September. He will return to his position as professor of economics at the University of Chicago, from which he has been on leave.

In a letter to staff on June 18, Rajan said he had been "open" to the idea of

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