Whether Reserve Bank of India Governor Raghuram Rajan is irreplaceable or not can form the subject matter of a debate that can go on endlessly. But the fact remains that he steered the economy out of the woods, was able to lend a greater measure of credibility in the face of a volatile market situation, brought respectability to the rupee, and did enough to contain inflation. One hopes that his successor ensures continuity in the policy framework.
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Srinivasan Umashankar,
Nagpur
It is unfortunate that an erudite and respectable official like Mr. Rajan was subjected to the various pulls and pressures within the political system and even hostility. These persons need not shed crocodile tears over his decision not to seek a second term.
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Mani Nataraajan,
Chennai
Mr. Rajan’s decision to move on appears to be getting undue importance. Why should it affect even the stock market? Are we dependent on only one individual to be the head of a prestigious organisation? This type of hero worshipping is unacceptable in a country like India where there is ample talent.
T.K. Raman,
Kochi