NEW DELHI, Aug 18 - Finance Minister Arun Jaitley today held an hour-long discussion with Prime Minister Narendra Modi over appointment of a new RBI Governor, a post that will fall vacant on September 4.
The meeting, which took place at the Prime Minister�s residence here, is believed to have deliberated on various names who could succeed Raghuram Rajan, who demits office early next month on completion of his three-year tenure.
Asked about the announcement of the next Governor, Jaitley said: �We will let you know when we decide. You will come to know about the conclusion, not the process.�
Traditionally, the Prime Minister picks the RBI Governor after consultation with the Finance Minister.
In June, Rajan surprised the markets when he, in a letter to the RBI staff, announced that he would return to academia and not seek a second term.
Top contenders for the RBI Governor�s post are current Deputy Governor Urjit Patel and former Deputy Governor Subir Gokarn. � PTI
