Should all of these factors remain in place, the currency will likely remain well supported. Governor Rajan created a new policy architecture and left a legacy in place to combat inflation. In an interview to Sanam Mirchandani, Singapore-based Spajic said the selection of a successor who will continue Rajan's efforts, will be the key to making the transition smooth. Raghuram Rajan's decision to not continue at the helm of RBI for a second term is likely to be met with a thumbs down from investors in the short term, said Luke Spajic, head of portfolio management, emerging Asia, PIMCO . Edited excerpts:This issue has been hanging over the markets for some time, so a clear decision helps clear the path for a change.

Source: Economic Times June 19, 2016 23:51 UTC