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Rupee and bond market at risk if Raghuram Rajan not given a second chance: CLSA

Brokerage firm and investment group CLSA has stated that Indian bond and currency market will be under big risk if incumbent Reserve Bank of India (RBI) governor Raghuram Rajan is not given a second chance at the job. 

Updated: May 07, 2016, 08:29 AM IST
  Rupee and bond market at risk if Raghuram Rajan not given a second chance: CLSA

Zee Media Bureau

New Delhi: In what may be a warning to the Indian government, brokerage firm and investment group CLSA has stated that Indian bond and currency market will be under big risk if incumbent Reserve Bank of India (RBI) governor Raghuram Rajan is not given a second chance at the job.

As per a report published in the Economic Times, Christopher Wood, managing director at the firm said that Rajan should be given a second term after his first expires in September later this year. This will help in keeping bond and rupee market stable.

Raghuram Rajan, during his entire first term up till now, has emerged as a champion who has tamed the inflation substantially.