Incidentally, there is a rumour going around that the governor himself is considering quitting in order to become a member of India's parliament (he first became governor in 1997 after a career largely in the finance ministry and was re-appointed for a term of only two years from November 2002). This rumour has not been substantiated, but speculation is already rife as to who will follow him, with many conjecturing that former deputy governor and monetary policy expert Y.V. Reddy (currently