...Rajan’s
arrival at Mint Street is being seen as similar to that of Masaaki
Shirakawa at the Bank of Japan last year. Shirakawa shook up a regulator
that was steeped in conservatism with unconventional methods that
turned Japan into one of the best-performing markets in the world as he
sought to make good on a promise to pull the nation out of the economic
doldrums. The new Indian central bank governor is, crucially, seen as
someone who can communicate easily with and relate to both international
investors as well as the home constituency............
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