..........No governor in Reserve Bank of India’s history had spoken so much,
promised so many things, and raised the bar so high for himself on the
first day of taking charge. When Bimal Jalan had passed on the baton to
Yaga Venugopal Reddy in September 2003, Reddy, the newly appointed
governor then, had smiled teasingly at reporters to quip just three
words: “continuity with change.” But these are unprecedented times and for the past few weeks Rajan had been preparing for the day..............
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