Reserve Bank of India Governor Raghuram Rajan will preside over his final policy meeting Tuesday, marking the end of a stint that was characterized as much by efforts to inject some vim to India's reform drive as for his thoughts on public policy.
Rajan, a former chief economist at the International Monetary Fund, will depart the central bank in September after a three-year stint, the shortest of any central bank chief in India since at least the early 90s. Likened to a "rockstar" in India, Rajan became a popular figure in a country where central bankers typically stay outside the limelight.
He won plaudits in some quarters for nudging banks to do more to recognize their bad debts but was criticized by members of the government for not cutting rates aggressively enough. Some politicians also expressed reservations when Rajan spoke about the need for more tolerance, noting the RBI chief had exceeded his remit by commenting on political matters.
As for Tuesday's meeting, most analysts polled by Reuters forecast the RBI would keep the repo-rate at 6.50 percent.
"We expect a continuation of recent policy guidance, where stance is accommodative while rates are left unchanged," said Radhika Rao, an economist at Singapore's DBS Bank.
The focus of Tuesday's decision would, therefore, be on Rajan.
Goldman Sachs analysts Nupur Gupta, Vishal Vaibhaw and Andrew Tilton said the market will be keen to hear Rajan's "views on the formation of the Monetary Policy Committee and clean-up of bank balance sheets post his departure."
Rajan, who was formerly the chief economic advisor to the Indian government, was appointed Governor in September 2013.
Here's a look back at how India performed during his tenure on four key metrics: inflation, current account deficit, foreign exchange rate and the stock market.