Rexit: Raghuram Rajan’s exit hits Rupee, Sensex; latest developments

After Raghuram Rajan’s surprise announcement to not to continue for the second term, the Indian equity and forex markets underperformed their global peers on Monday. On Saturday, Rajan had said that after his three-year term expires in September, he would return to academia. This announcement has put an end to all the speculations about his future as the Reserve Bank of India (RBI) Governor. Read More News: India News Headlines