Refer to the input text as context and select the correct relationship between 'Raghuram Rajan' and 'Reserve Bank of India' from the available options.
Options: employer, director/manager, industry, developer

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