Raghuram Rajan, governor of Reserve Bank of India has refused to entertain media queries. While talking to press during announcement of second bi-monthly policy review, Rajan said “it will be cruel to spoil the fun”. Rajan’s three year term is about to end on September 4.

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RBI has maintained status quo on interest rate at 6.5 per cent

Economic growth at 7.6 per cent

Retail inflation target at 5 per cent for January 2017

The reverse repo rate also stayed unchanged at 6 per cent and the cash reserve ratio of scheduled banks also remains unchanged at 4.0 per cent.

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