.......Unlike the RBI Governors of the past, in the age of 24x7 television and instant communications, Rajan will have to make the RBI functioning transparent and people- friendly. Opacity of the central bank operations when it speaks only to the finance ministry spooks markets. Rajan, with his easy communications skills and his first- rate academic credentials, has his task cut out. He will have to guard against being lovey- dovey with the finance ministry mandarins. Bureaucrats and bankers should learn to co- exist but not encroach on one another’s toes..........
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