According to ‘news’ that is viral on social media, former RBI Governor Raghuram Rajan has been appointed the Governor of the Bank of England. Rajan, who moved back to Chicago after his stint at the RBI to teach at the Booth School of Business. It is being claimed that he will now take over the reins of the Bank of England.

Congratulating Mr. Raghuram Rajan, elected as Governor for Bank of England. And, as usual, whatever we Indians have with us, the value of those things is recognised by foriegners and they take it away. Posted by Satprakash Sharma on Friday, April 27, 2018

The above post was uploaded on April 28 on Facebook by an individual user. It has been shared more than 7000 times till now. The postas would securing Agustín Carstens, Mexico’s central bank chief and the new general manager of the Bank of International Settlements”. The article goes on to say that Philip Hammond, UK chancellor, is initiating the process to select the next governor of Bank of England to replace Mark Carney next year. According to the article, the chancellor has said he has already begun looking for candidates. The Financial Times had also published a cartoon on April 29 to this effect.

Dr. Rajan had earlier too been at the receiving end of fake news on social media. In a post that had gone viral in March 2018, it was claimed that Dr. Rajan had warned former Finance Minister P. Chidambaram and Congress President Rahul Gandhi about the PNB scam but no