Monday, September 2, 2013

Raghuram Rajan takes over RBI amid crisis

 India’s new central bank chief Raghuram Rajan takes over the helm this week as the nation grapples with its worst financial crisis in decades, sparked by a plunging rupee, a record trade gap and a sharp economic slowdown. Rajan, a high-profile former International Monetary Fund (IMF) chief economist renowned for predicting the 2008 global financial collapse, moves into the Reserve Bank of India’s office on Thursday, replacing his retiring predecessor Duvvuri Subbarao..........

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