Reports of Rajan not wanting 2nd term speculative: Govt

June 01, 2016 18:55

The government denies reports that Reserve Bank of India Governor Raghuram Rajan not wanting a second term. The government says the reports are speculative.

A media report on Wednesday said Rajan had indicated that he doesn't want to remain in the position after his tenure ends in September,

Rajan reportedly told the central government that once his term ends, he would return to the United States. Quoting sources close to Rajan, the report said he had plans to join an American university and pursue research on the Indian economy.

Rajan recently came under a strong attack from the BJP leader Subramanian Swamy who demanded he be sacked. However, Prime Minister Narendra Modi had indicated that he would want Rajan to continue.

Several leaders in the BJP have questioned the logic of Swamy's demand. It has been speculated he was being supported by party President Amit Shah.

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