Analyze the relationship between 'Raghuram Rajan' and 'Reserve Bank of India' within the context of the input sentence.
Options: developer, industry, employer, director/manager

The Governor Raghuram Rajan -led Reserve Bank of India ( RBI ) held policy rate at 7.25 percent on Tuesday, pausing as widely expected after a spike in food prices sent consumer inflation to an eight-month high.
employer