'I Do What I Do': Top 5 Raghuram Rajan Quotes After Rate Cut

Reserve Bank Governor Raghuram Rajan on Tuesday cut the benchmark repo rate by 50 basis points to a four-year low of 6.75 per cent in a surprise move. Here are Dr Rajan's top five quotes from the press conference after the policy announcement:

• I don't think we were excessively aggressive (on 50-basis point rate cut)... it's not a Diwali present
• My name is Raghuram Rajan and I do what I do
• The economy has legacy problems and there are no silver bullets
• Our best protection against financial market turmoil is good policies
• Used maximum policy room that inflation gave; The RBI and the government working hard to turn around the economy; expect some rate transmission soon (from banks)