<p>Urjit Patel's appointment as new RBI Governor appeared to have support of BJP MP Subramanian Swamy who had launched a series of attacks against the outgoing Governor Raghuram Rajan.<br /><br /></p>.<p>In a string of retweets and replies to his Twitter followers, Swamy said it will be utter "idiotic" to think he will attack Patel because he was born in Kenya.<br /><br />Swamy, who has been extremely critical of Rajan's policy of not lowering interest rate to check inflation, hoped that Patel will not be as "hawkish".<br /><br />When one of his followers criticised Patel for being a Kenyan national, Swamy replied: "He is not a Kenyan citizen, but was. R3 was born Indian and chose to continue his US green card even though in India from 2007."<br /><br />R3 is the acronym he uses for referring to Raghuram Rajan whom he had on several occasions attacked for keeping interest rate high and hurting growth.<br /><br />When someone else said if Patel will be as hawkish as Rajan, Swamy replied: "Don't be an idiot like presstitudes."<br /><br />His tweets led to his followers proclaiming that he was backing Patel's appointment.<br />Swamy even retweeted a follower's comment: "Looks like @Swamy39 approves Urijit Patel's appointment."<br /><br />When a twitterati posted, "I am so dead sure that Swamy is not happy with this appointment", the BJP MP shot back, saying "rubbish".<br /><br />Swamy also retweeted a follower's tweet that said: "Bye Raghuram Rajan. Pick another hobby. Thanks @Swamy39. Welcome @UrjitPatel_ #TransformingIndia #RBI #AchheDin."<br /><br />Swamy had earlier alleged Rajan is "not appropriate for the country" and alleged that he has "hiked interest rates in the garb of controlling inflation which has damaged the country".<br /><br />Springing a surprise, Rajan in a letter to RBI staff in June announced that he would return to academia and not seek a second term.<br /><br />After assuming charge as RBI governor in September 2013, Rajan had gradually raised the short-term lending rate from 7.25 per cent to 8 per cent and had retained the high rates throughout 2014.<br /><br />He kept the rates high, citing inflationary concerns despite intense pressure from the Finance Ministry and the industry for softening them with a view to boosting growth.<br /><br />The Governor started the process of lowering the rate in January 2015 and since then, it has come down by 1.50 per cent to 6.50 per cent.</p>
<p>Urjit Patel's appointment as new RBI Governor appeared to have support of BJP MP Subramanian Swamy who had launched a series of attacks against the outgoing Governor Raghuram Rajan.<br /><br /></p>.<p>In a string of retweets and replies to his Twitter followers, Swamy said it will be utter "idiotic" to think he will attack Patel because he was born in Kenya.<br /><br />Swamy, who has been extremely critical of Rajan's policy of not lowering interest rate to check inflation, hoped that Patel will not be as "hawkish".<br /><br />When one of his followers criticised Patel for being a Kenyan national, Swamy replied: "He is not a Kenyan citizen, but was. R3 was born Indian and chose to continue his US green card even though in India from 2007."<br /><br />R3 is the acronym he uses for referring to Raghuram Rajan whom he had on several occasions attacked for keeping interest rate high and hurting growth.<br /><br />When someone else said if Patel will be as hawkish as Rajan, Swamy replied: "Don't be an idiot like presstitudes."<br /><br />His tweets led to his followers proclaiming that he was backing Patel's appointment.<br />Swamy even retweeted a follower's comment: "Looks like @Swamy39 approves Urijit Patel's appointment."<br /><br />When a twitterati posted, "I am so dead sure that Swamy is not happy with this appointment", the BJP MP shot back, saying "rubbish".<br /><br />Swamy also retweeted a follower's tweet that said: "Bye Raghuram Rajan. Pick another hobby. Thanks @Swamy39. Welcome @UrjitPatel_ #TransformingIndia #RBI #AchheDin."<br /><br />Swamy had earlier alleged Rajan is "not appropriate for the country" and alleged that he has "hiked interest rates in the garb of controlling inflation which has damaged the country".<br /><br />Springing a surprise, Rajan in a letter to RBI staff in June announced that he would return to academia and not seek a second term.<br /><br />After assuming charge as RBI governor in September 2013, Rajan had gradually raised the short-term lending rate from 7.25 per cent to 8 per cent and had retained the high rates throughout 2014.<br /><br />He kept the rates high, citing inflationary concerns despite intense pressure from the Finance Ministry and the industry for softening them with a view to boosting growth.<br /><br />The Governor started the process of lowering the rate in January 2015 and since then, it has come down by 1.50 per cent to 6.50 per cent.</p>