Below the line - The Hindu BusinessLineSENSEX 82,626.23 -387.73NIFTY 25,327.05 -96.55CRUDEOIL 5,527.00 -56.00GOLD 109,877.00+ 825.00SILVER 130,096.00+ 258.00SENSEX 82,626.23 -387.73NIFTY 25,327.05 -96.55NIFTY 25,327.05 -96.55CRUDEOIL 5,527.00 -56.00CRUDEOIL 5,527.00 -56.00GOLD 109,877.00+ 825.00'; } document.getElementById("lgdv").innerHTML = htmlElements; } function numberformat(i) { return Number(parseFloat(i).toFixed(2)).toLocaleString('en', { minimumFractionDigits: 2 }) } async function gatherResponse(response) { const { headers } = response; const contentType = headers.get('content-type') || ''; if (contentType.includes('application/json')) { return await response.json() } return response.text(); } function getWidth() { if (Math.max(document.body.scrollWidth,document.documentElement.scrollWidth,document.body.offsetWidth,document.documentElement.offsetWidth,document.documentElement.clientWidth) > 991) { document.getElementById("mob").style.display = "none"; document.getElementById("lgdv").style.display = "block"; } else { document.getElementById("mob").style.display = "block"; document.getElementById("lgdv").style.display = "none"; } } getWidth();]]>RBI: Appointment time | Photo Credit: FRANCIS MASCARENHASDG race hots up in RBIRBI Executive Directors SC Murmu, Vivek Deep, Rohit Jain and RS Ratho are believed to be in the race to get elevated as a Deputy Governor. Their candidature is being considered by the Government as Deputy Governor M. Rajeshwar Rao’s one-year extension will end on October 8, 2025.Rao has been a Deputy Governor since October 9, 2020. Murmu is the senior-most ED in RBI, having been elevated to the position in November 2019. While Deep became ED in September 2020, Jain and Ratho became EDs in December 2020.Look before you leapThe banking regulator RBI has burnt its fingers in sovereign gold bonds. After the sharp rally in yellow metal prices, it rightly suspended fresh SGB issuances in February.Taking a swipe at RBI, a mutual fund distributor suggested that the regulator, like investors, should have consulted an ‘advisor’ before launching SGB.It underestimated the consumer appetite for gold and its pricing dynamics. Meanwhile, investors are rejoicing and believe “SGB bhi sahi hai”.Chickpeas woesWith the prices of pulses crashing in the global market, a section of the trade is pointing fingers at something that is happening in the Gulf region.Companies in the region, which are at the centre of an investigation, had shipped Kabuli chana (chickpeas) to India by misrepresenting the country of origin to avoid the 44 per cent customs duty.The chana had reportedly originated from Russia and Turkey. Traders say shipping and customs documents were misdeclared to claim the consignments are from nations with which India has preferential trade agreements. These imports are distorting the domestic market, and traders regret that, despite these shady deals, some among them are seeking the government’s support for the trouble they are facing.Grandson rise?We are familiar with son rise in politics, but Karnataka Chief Minister Siddaramaiah seems to be grooming grandson Dhawan to take over his political legacy if recent developments are any indication.Dhawan son of Siddaramaiah’s first-born Rakesh — who passed away at a young age of 39 in 2016 — has started putting in appearances at Kuruba (shepherd) community events which they belong to. Rakesh who used to look after his father’s constituency was expected to be his father’s political heir but had an untimely demise.While the CMs second son Yathindra is an MLC, Congress insiders say Siddaramaiah seems to favour Dhawan. For now the grandson is appearing at more events with the CM to learn the political ropes. It remains to be seen whether Dhawan or Yathindra will eventually inherit his political legacy.Published on September 21, 2025Sign into Unlock benefits!Access 10 free stories per monthAccess to comment on every storySign up/Manage to our newslettersGet notified by email for early preview to new features, discounts & offers${ ind + 1 } ${ device }Last active - ${ la }