Utilize the input text as a context reference, choose the right relationship between Raghuram Rajan and Reserve Bank of India from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Given the jump in June inflation and, more important, the Met sticking to its drought forecast – 12% shortfall in monsoon, with just 11 of the country’s 36 sub-divisions getting normal rain so far – it is not surprising Reserve Bank of India ( RBI ) Governor Raghuram Rajan has chosen to play cautious in its monetary policy review and not cut repo rate.

Answer: employer