India has no plan to pledge gold with the International Monetary Fund (IMF) to secure a loan, according to Raghuram Rajan, chief economic adviser in the finance ministry. "There is no question of that. We have enough reserves.”

Rajan, who will bid farewell at North Block this week to take over as the Reserve Bank of India (RBI) Governor on Wednesday, said India had enough dollar reserves to deal with the situation. Read More

Jyothi Shankaran

    Jyothi’s last role was as Senior Editor with the business news channel Bloomberg TV India. He also worked as News Editor at business-standard.com, the online version of the business newspaper Business Standard. Jyothi is a chemical engineer from the Regional Engineering College, Srinagar.