Rajan declines to return for second innings as RBI Gov

Badgered by political attacks on him, RBI Governor Raghuram Rajan on Saturday said no to a second term in the post, in a surprise announcement putting at rest all speculation over his continuance.

“… on due reflection, and after consultation with the government, I want to share with you that I will be returning to academia when my term as Governor ends on September 4, 2016,” Rajan said in a message to the RBI staff.