Congress vice president Rahul Gandhi thanked Raghuram Rajan for his role in steering the country's economy in "difficult times". (File photo)
Highlights
- RBI chief Raghuram Rajan to not continue for a second term
- Arun Jaitley says government respects Mr Rajan's decision
- Rahul Gandhi says PM Modi "has no need" of experts like Mr Rajan.
Congress vice president Rahul Gandhi today targeted Prime Minister Narendra Modi in the wake of RBI Governor
Raghuram Rajan making it clear that he does not want a second term.
"Prime Minister Narendra Modi knows everything. He has no need for experts like Raghuram Rajan," said Mr Gandhi in a tweet.
In another tweet, he thanked Mr Rajan for his role in steering the country's economy in "difficult times".
"Thank you Dr Rajan for steering the economy in difficult times. People like you make India great," another post on his twitter handle @OfficeOfRG said.
Earlier, RBI Governor Raghuram Rajan today said no to a second term, in a surprise announcement putting at rest all speculation over his continuance.
"On due reflection, and after consultation with the government, I want to share with you that I will be returning to academia when my term as Governor ends on September 4, 2016," Mr Rajan said in a message to the RBI staff.