In Swamy vs Rajan, experts back RBI Governor

May 17, 2016 20:10

Reserve Bank Governor Raghuram Rajan came under attack from BJP lawmaker Subramanian Swamy for the second time in two weeks on Tuesday. This time, Harvard-educated Dr Swamy upped the ante against the RBI chief byseeking his dismissal in a letter to Prime Minister Narendra Modi.

Most commentators, including right-leaning market analysts and economists, disagree with Dr Swamy's diatribe against Raghuram Rajan.

Former Infosys chief financial officer Mohandas Pai termed Dr Swamy's arguments against Dr Rajan as "silly" and having "no merit".

PN Vijay, veteran fund manager and BJP spokesperson, tweeted, "Respect Swamy but don't agree with his views on Rajan. Latter has cut rates by 1.50%. Also making serious efforts to stop crony capitalism."

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