RBI Governor Raghuram Rajan on Thursday came in for praise from Union Minister Rajyavardhan Singh Rathore, who said Rajan is doing a ‘good job’ and has controlled inflation. “Raghuram Rajan is doing a good job. The way in which he had controlled inflation keeping in mind the world economy is appreciable,” Rathore told reporters here. He also hailed Rajan’s decision not to cut repo rate saying ‘it’s a good decision’.
Rajan’s remarks come against the backdrop of BJP MP Subramanian Swamy’s two letters to Prime Minister Narendra Modi, urging that Rajan should not be given a second term because of his ‘willful’ moves to ‘wreck the Indian economy’ and because he is ‘mentally not fully Indian’.