Raghuram Rajan, the new Governor of the Reserve Bank of India (RBI), in his maiden speech on Wednesday made several proposals. A key one — introducing inflation-indexation bonds (IIBs) linked to the consumer price index in November 3 comes at a good time. When RBI had re-launched IIBs this June, it was linked to the wholesale price index (WPI). Obviously, retail investors were not too enthused........
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