Raghuram Rajan on Tuesday described his three-year tenure at the Reserve Bank as "fantastic", adding that he "loved every minute" at the Mint Street. The much admired former International Monetary Fund chief economist is due to step down on September 4 to return to academia in the United States.
"I think the most important thing is that at the end of day, do you feel you made useful contribution and that some people are better off as a result of that. I think, from that perspective, this has been a fantastic job... I have enjoyed every minute of it," Dr Rajan said today.
Earlier today, the RBI chief stuck to the script by holding repo rate steady in his last monetary policy announcement, citing risks to the central bank's March 2017 target of restricting headline inflation to 5 per cent. (Read)
"It is appropriate for the Reserve Bank to keep the policy repo rate unchanged at this juncture, while awaiting space for policy action. The stance of monetary policy remains accommodative and will continue to emphasize the adequate provision of liquidity," he said in a statement.
Dr Rajan, who has been dubbed as an inflation warrior for his relentless focus on controlling prices, will be credited for breaking the back of double-digit levels prevailing when he was appointed in 2013.
The 53-year-old economist, who has been criticized by BJP parliamentarian Subramanian Swamy and a compact group of critics for refusing to drop interest rates to stimulate growth, said he had nothing to say to his opponents.
"Critics are there all the time... There are also people who send me messages in the plane from the back, anonymous notes, saying thank you for what you are doing."
Dr Rajan hoped that he managed to "move the needle forward a little bit" as RBI governor.
"(I) leave the office saying we did something and there are very few places where you can have that sense of satisfaction," he said about his tenure.
Dr Rajan had in June said no to a second term as RBI chief. The government has still to pick a successor. Declining to give any advice to his successor, Dr Rajan said that the next policy will be decided by the monetary policy committee.
"Six people will be sitting together to decide on the path of interest rates...everything is in place except for the selection of three members that the government has to select," he added.
Raghuram Rajan on Tuesday described his three-year tenure at the Reserve Bank as "fantastic", adding that he "loved every minute" at the Mint Street. The much admired former International Monetary Fund chief economist is due to step down on September 4 to return to academia in the United States.
"I think the most important thing is that at the end of day, do you feel you made useful contribution and that some people are better off as a result of that. I think, from that perspective, this has been a fantastic job... I have enjoyed every minute of it," Dr Rajan said today.
Earlier today, the RBI chief stuck to the script by holding repo rate steady in his last monetary policy announcement, citing risks to the central bank's March 2017 target of restricting headline inflation to 5 per cent. (Read)
"It is appropriate for the Reserve Bank to keep the policy repo rate unchanged at this juncture, while awaiting space for policy action. The stance of monetary policy remains accommodative and will continue to emphasize the adequate provision of liquidity," he said in a statement.
Dr Rajan, who has been dubbed as an inflation warrior for his relentless focus on controlling prices, will be credited for breaking the back of double-digit levels prevailing when he was appointed in 2013.
The 53-year-old economist, who has been criticized by BJP parliamentarian Subramanian Swamy and a compact group of critics for refusing to drop interest rates to stimulate growth, said he had nothing to say to his opponents.
"Critics are there all the time... There are also people who send me messages in the plane from the back, anonymous notes, saying thank you for what you are doing."
Dr Rajan hoped that he managed to "move the needle forward a little bit" as RBI governor.
"(I) leave the office saying we did something and there are very few places where you can have that sense of satisfaction," he said about his tenure.
Dr Rajan had in June said no to a second term as RBI chief. The government has still to pick a successor. Declining to give any advice to his successor, Dr Rajan said that the next policy will be decided by the monetary policy committee.
"Six people will be sitting together to decide on the path of interest rates...everything is in place except for the selection of three members that the government has to select," he added.
Raghuram Rajan on Tuesday described his three-year tenure at the Reserve Bank as "fantastic", adding that he "loved every minute" at the Mint Street. The much admired former International Monetary Fund chief economist is due to step down on September 4 to return to academia in the United States.
"I think the most important thing is that at the end of day, do you feel you made useful contribution and that some people are better off as a result of that. I think, from that perspective, this has been a fantastic job... I have enjoyed every minute of it," Dr Rajan said today.
Earlier today, the RBI chief stuck to the script by holding repo rate steady in his last monetary policy announcement, citing risks to the central bank's March 2017 target of restricting headline inflation to 5 per cent. (Read)
"It is appropriate for the Reserve Bank to keep the policy repo rate unchanged at this juncture, while awaiting space for policy action. The stance of monetary policy remains accommodative and will continue to emphasize the adequate provision of liquidity," he said in a statement.
Dr Rajan, who has been dubbed as an inflation warrior for his relentless focus on controlling prices, will be credited for breaking the back of double-digit levels prevailing when he was appointed in 2013.
The 53-year-old economist, who has been criticized by BJP parliamentarian Subramanian Swamy and a compact group of critics for refusing to drop interest rates to stimulate growth, said he had nothing to say to his opponents.
"Critics are there all the time... There are also people who send me messages in the plane from the back, anonymous notes, saying thank you for what you are doing."
Dr Rajan hoped that he managed to "move the needle forward a little bit" as RBI governor.
"(I) leave the office saying we did something and there are very few places where you can have that sense of satisfaction," he said about his tenure.
Dr Rajan had in June said no to a second term as RBI chief. The government has still to pick a successor. Declining to give any advice to his successor, Dr Rajan said that the next policy will be decided by the monetary policy committee.
"Six people will be sitting together to decide on the path of interest rates...everything is in place except for the selection of three members that the government has to select," he added.
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