Rajan needs more time to deliver on his ambitious wish list : Mythili Bhusnurmath, Consulting Editor, ET Now
Updated on: 09 Jun 2016
Mythili Bhusnurmath, Consulting Editor, ET Now, shares her views on specualations about Rajan's second term . Excerpts:
ET Now: Sources in the media say there is going to be an extension of tenure for Raghuram Rajan. Your reaction? Mythili Bhusnurmath: Anything that ends uncertainty is always good for the markets. Uncertainty is what markets dislikes the most.
But having said that, it is very important that the government comes out with a formal announcement. Because until that moment, markets will always remain testy. Markets will always go by the government's official announcement. So it is good if there is an official announcement one way or the other, sooner rather than later.
Let us not forget that this is the very first time that the appointment or the extension of a central bank governor has given rise to such much controversy. We have had all kinds of people giving all kinds of views — from one extreme to the other.