RBI gets a world-class economist as Governor

The government on Tuesday named chief economic advisor Raghuram Rajan as the new Reserve Bank of India Governor for a term of three years. Rajan—‘Raghu’ to his many friends and colleagues—who earlier served as chief economist of the International Monetary Fund, takes over at a time when the central bank is under pressure to push economic growth while arresting the slide of the rupee. The two goals can be contradictory since stabilizing the rupee may require raising interest rates, which could impact growth............. 

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