Rajan's Exit*

Sep 15th 2016, Prabhat Patnaik
The reason for the government's dithering over an extension of Raghuram Rajan's term, which led to his decision not to ask for one, cannot be attributed to his stance on interest rates.

This article was written when Raghuram Rajan announced an unexpected move to step down as RBI governor after being criticized for keeping the interest rates high. This was originally published in the People’s Democracy, on June 26, 2016 edition.

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