India's star central banker is stepping down

India’s newspapers are booming

Reserve Bank of India Governor Raghuram Rajan has put an end to months of speculation over his future, announcing on Saturday that he will step down as head of the central bank when his term ends in September.

“I want to share with you that I will be returning to academia when my term as Governor ends,” Rajan wrote in a message to staffers that was posted on the central bank’s website.

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