Thursday, September 5, 2013

India's Juggling Act

It would be an understatement to say Raghuram Rajan has a plate of challenges as the new head of the Reserve Bank of India. He comes into the new job as India's economy has become a collection of superlatives: weakest level for the rupee, lowest growth rate in four years and a record high current account deficit. By all accounts, he's a smart guy who was chief economist at the International Monetary Fund.  At age 50, he is a young central banker who may have the vision to shake things up. So what's the main problem?............

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