Rajan, 50, who was chief economic advisor in the finance ministry, took over as the 23rd governor of the RBI.
He said in his new role at the RBI, he would focus on “transparency and predictability” in the central bank's functioning.
“At a time when financial markets are volatile, and there is some domestic political uncertainty because of impending elections, the Reserve Bank of India should be a beacon of stability as to its objectives,” he said.
“That is not to say we will never surprise markets with actions. A central bank should never say never, but the public should have a clear framework as to where we are going, and understand how our policy actions fit into that framework,” Rajan said.
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