Rajan’s dad proud, but says task before Governor is a challenge

Amidst the welter of praise heaped on RBI Governor Raghuram Rajan following his appointment, one man who’s quite aware that it can be a double-edged sword is his proud father, R. Govindarajan, a former diplomat. “Yes, I’m proud of Raghu’s achievements, but it is a difficult situation and we hope he will be able to come out of it. It’s an ordeal by fire for him, but he never fights shy of challenges,” he says.

In a conversation with this writer at his sprawling old bungalow in the Indira Nagar enclave of Adyar in Chennai, Govindarajan, a sprightly octogenarian, says all those singing hosannas now can very well sing a different tune.  “This is probably the honeymoon period when everybody goes gaga; we have to see.” But the retired diplomat has full faith in the capabilities of his third child. “Lifting someone too high… the drop can also be sharp. But, he’s got a sound head and won’t be carried away; he knows what he’s capable of and he’s already said that he doesn’t have a magic wand.”

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