Impact of RaghuRam Rajan Exit on Indian Markets

Rajan announced that he won't be accepting second term as RBI Governor and plans to return back to academia,which might rattle both stock market and currency market.
Since 1992 RBI governors are appointed for 3 years and get extension for 2 years. Mr Rajan will be the first governor who will not get extension since 1992.
On 5 September 2013 he took charge as the 23rd Governor of the Reserve Bank of India, under whom Indian Rupee become pretty stable and inflation declined from High of 9% to Low of 3.5%.
Lets see how stock market welcomed Governor.

Nifty

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