Governor-designate and Officer on Special Duty at Reserve Bank of India, Raghuram Rajan, has started off in right earnest. On Tuesday, only his second day as OSD, Dr. Rajan is understood to have suggested that the central bank push back its mid-quarter policy review, scheduled for September 18, by a couple of days. The reason? The Federal Open Market Committee (FOMC) is meeting on September 17-18, and it is billed to be a critical event not just for India but for the global economy as a decision on tapering of stimulus is expected to be finalised..............
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1 comment:
Dr Subbarao had made RBI's policy perceptions more transparent. Nice to see that his successor is equally open.
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