"Senior government officials have said previously that a decision on the RBI governor would be taken closer to September. Arundhati Bhattacharya , chairman of SBI, is the candidate most tipped to take over, having led the state-run bank through turbulent times. Bond yields may climb to as high as 8 per cent, from 7.50 per cent now. Nearly 60 per cent of those polled said the Sensex could climb to 30,000. "There will be a temporary reaction but I think the market will now look at the replacement who will come in his place.

Source: Economic Times June 19, 2016 19:40 UTC