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.

“We are not worried about the effects on us when the Fed acts, but we do think there will be volatility the world over,” the Reserve Bank of India ( RBI ) Governor Raghuram Rajan told analysts in a conference call here today.

Answer: employer