The Sunday Guardian

DiD Rajan tRy to block Patel?

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Did Raghuram Rajan try to block the elevation of Urjit Patel as RBI Governor? Rajan, apparently, kept on insisting on the indispensa­bility of Urjit Patel as RBI’s Deputy Governor in charge of monetary policy. Rajan felt it would be difficult to find a replacemen­t in that particular post. It seems that the Prime Minister concurred on the indispensa­bility of Patel and appointed him as the Governor. Patel is the first Deputy Governor in independen­t India to have been made Governor of RBI.

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