new delhi jun 1 amid continuing speculation on whether rbi governor raghuram rajan will get an extension or not a top finance ministry official today said there has been no discussion so far in this regard and his fate will be decided closer to the end of his current tenure in september rajan who was appointed by the previous upa government for a threeyear term that began on september 4 2013 has been under attack from some quarters in bjp including its rajya sabha mp subramanian swamy for what they term as his failure to lower interest rates and boost economic growth a top finance ministry source however said no discussion has taken place in the government so far on whether to extend rajans tenure or not his fate would be decided closer to the date he indicated a former chief economist of the international monetary fund imf rajan is currently on leave from the chicago booth school of business where he holds the post of distinguished service professor of finance if denied an extension he will be the first rbi governor since 1992 to not have a fiveyear term his predecessors d subbarao 20082013 y v reddy 20032008 bimal jalan 19972003 and c rangarajan 19921997 had fiveyear terms rajan who after taking over raised the shortterm lending rate from 725 per cent to 8 per cent and retained the high rates throughout 2014 began the process of lowering the rates in january 2015 he has since then cut them 150 per cent to 650 per cent jd anz bj som