MUMBAI—India's central bank governor Wednesday focused on the brighter side of the economy—narrowing current-account deficit and slowing core inflation—as he tried to calm investors worried over the impact of a likely rollback of easy money policies in the U.S. India is much better prepared now than a few months ago to handle a rollback of U.S. policies, Raghuram Rajan told reporters. His comments came on a day the Indian rupee dropped to a two-month low against the dollar in early trade and stocks extended their losing streak to the seventh session. ..........
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