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Indian market outlook uncertain after Rajan's central bank news

MUMBAI -- Markets in India may have recovered from their initial jitters in response to Raghuram Rajan's announcement at the weekend that he would exit the country's central bank, but uncertainty over who will succeed him as governor is likely to lead to uncertainty over the coming weeks.

The initial reaction to Rajan's decision to leave the Reserve Bank of India when his term ends later this year, which was disclosed on Saturday, left the Indian stock markets jittery during early trading on Monday, but broadly positive cues helped even out the day.

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