Rajan keeps mum on plans after holding India rates

New Delhi

INDIAN central bank governor Raghuram Rajan urged patience regarding his future plans after holding interest rates at a five-year low.

"In all such cases the decision is reached after discussions between the government and the incumbent," Mr Rajan told reporters in Mumbai on Tuesday. "I'm sure you will know when there is news. I cannot do better than to point you to the statements of the finance minister and the prime minister on this."

Mr Rajan's removal when his three-year term ends in September risks undermining sweeping reforms implemented since he…