Raghuram Rajan was the 23rd Governor of the Reserve Bank of India from 2013 to 2016. Prior to his role as RBI Governor, he worked as the Chief Economist of the International Monetary Fund. During his tenure as RBI Governor, Rajan implemented several reforms to control inflation, stabilize the rupee, and strengthen India's foreign exchange reserves which contributed to India's economic growth.

1. Born 3 February 1963 (age 54)
Bhopal, Madhya Pradesh
Father R. Govindarajan, an IPS Officer
Nationality Indian
Alma mater IIT Delhi (B Tech)
IIM Ahmedabad (PGDBM)
MIT Sloan School of Management (PhD)
Raghuram G. RajanPROFILE CHECK!
23rd Governor of the Reserve Bank of India
In office
4 September 2013 – 4 September 2016
• International
Monetary Fund, Chief
Economist.
2003-07
•“Fault Lines: How
Hidden Fractures Still
Threaten the World
Economy”
Financial
Times/Goldman Sachs
Business Book of the
Year 2010 Award
•TIME Magazine’s
100 Most Influential
People in the World in
2016

2. No RBI
Governor has
been quite so
famous among
the public!!

3.  Ruling government was Congress Party which was losing people’s confidence due to
High inflation and fluctuating prices of Commodities like Onion.
 The threat of a Military Strike against Syria by Western Powers led to
 and was expected to deteriorate even further.
 Rupee was constantly deteriorating.
 India’s Current Account Deficit was on an all time high:
(average CPI Inflation was 10.92%)
Soaring of Oil Prizes.
GDP growth was meagre 5%
It went as high as 69 Rs for 1 USD.
And the forecast was it may soon cross 70 Mark.
1125 Percent higher since 2007, going from $8 Billion to $90 Billion.
We were termed as one of the “Fragile Five” Economies of the World who were too
much depended on the unreliable foreign investments. Our Economy was predicted to
be on a crash path.

4. CPI average Inflation was 4.97%
GDP Growth was above 7%
Rupee stabilized w.r.t. Dollar at 66.54 Rs
Current Account Deficit was just $277 Million
India went from Fragile File to Fastest Growing
Economy in Asia

5. Inflation-
10.92% 4.97%
Drastically
Changed
the
Monetary
Framework
Hiking
Interest
Rates
WPI to CPI
as a
measure of
Inflation.

6. 1. Swap Window
for Fresh FCNR
Dollar Funds
2. Govt.
Received $34
Billion Forex
3. Strengthening the
Forex Reserves
5. Banks Got
More Cash In
Hands
6. Which
Funded
CAD
4.
Making
Rupee
Stronger

7. •Bringing transparency to Bank
licensing
•Easing the bank licensing
Procedure
•Bringing differentiated banks
like payment banks to India
•He was the Mastermind behind
the UPI and NPCI which led to the
BHIM App.
Other Groundbreaking
Contributions Of
Raghuram Rajan

9.  FCNR (B)- Foreign Currency Non Resident
Bank Account
 Fixed term account 1yr to 5 yrs
 Interest given is the Base Conversion Rate +
200-400 BPs
 Where 1% change= 100 base points