India's Rajan keeps rates on hold in final move as governor

Governor of The Reserve Bank of India (RBI), Raghuram Rajan, speaks during a press conference in Mumbai, on August 9, 2016India’s outgoing central bank chief insisted he had laid the foundations for sustainable growth in the world’s best-performing major economy after keeping interest rates on hold in his final policy review Tuesday. Raghuram Rajan, who caught the government off guard in June by announcing he was stepping down in September, said he was unfazed by his critics and that the only thing that mattered was the impact of his decisions. The Reserve Bank of India (RBI) governor was speaking to reporters after announcing the outcome of the last monthly policy review before he returns to academia next month.

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