The RBI is not statutorily independent from the government but has long enjoyed wide latitude
Bankers and government officials told Reuters Rajan's successor may be less aggressive in fighting bad loans, but the general direction will remain the same
Rajan said the central bank has used up all its "space available" to cut interest rates
These cash shortages increase banks' funding costs, making it harder for them to lower lending rates
The prospect of further falls in remittances is a hindrance for the Reserve Bank of India, as it seeks to bullet-proof the economy against sudden capital outflows
The ratings agency currently rates India at Baa3
In 2013, India suffered its worst currency crisis in more than two decades but has regained the confidence of foreign investors in part after its current account deficit has narrowed sharply and its foreign exchange reserves hit a record high
India's $121 billion troubled debt pile, over $100 billion of which is on the books of state-owned banks, has come under close scrutiny from prosecutors, the media and politicians
The surge is a stark turnaround from 2013 when the country's current account gap hit a record high due to outflows on expectations the US Fed would rein in its stimulus programme
After months of denying there was a liquidity problem, Governor Raghuram Rajan has reversed course.
RBI Governor Raghuram Rajan wanted to improve training for staff, through initiatives such as sending them to other central banks for short stints.
Traders suspect The Reserve Bank of India (RBI) bought bonds and actively intervened in the rupee to support sentiment.
The government needs to take positive action to reaffirm that story.
Rupee and bonds weakened on Thursday after the US Federal Reserve signalled it may increase its policy rates at the next meeting in December.
Forex market was closed on Thursday on account of Ganesh Chaturthi.
Balance of payment stood at a surplus of $30.1 billion during January-March
A gradual weakening of the rupee, however, may add to inflationary pressures.
The RBI chief was speaking to researchers at an analyst call.
RBI governor does not want to move in haste for achieving financial inclusion.
Rajan also said weak results from India's corporate suggested final demand is yet to pick up strongly.
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