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.
Utilize the input text as a context reference, choose the right relationship between 'Raghuram Rajan' and 'Reserve Bank of India' from the options.
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