New Delhi: India named a former International Monetary Fund chief economist to head the Reserve Bank of India on Tuesday, giving fresh impetus to efforts to revive a struggling economy and a currency that is languishing at record lows.
Raghuram Rajan, who predicted the global financial crisis in 2005, will take over at the RBI from Duvvuri Subbarao, whose turbulent five-year tenure ends on September 4.
Rajan is viewed as a pragmatist on monetary policy likely to stick fairly closely to Subbarao's line on managing inflation. The outgoing governor fought an uphill battle against price pressures for much of his term in an economy plagued by supply-side bottlenecks and legislative and bureaucratic paralysis.
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Raghuram Rajan, who predicted the global financial crisis in 2005, will take over at the RBI from Duvvuri Subbarao, whose turbulent five-year tenure ends on September 4.
Rajan is viewed as a pragmatist on monetary policy likely to stick fairly closely to Subbarao's line on managing inflation. The outgoing governor fought an uphill battle against price pressures for much of his term in an economy plagued by supply-side bottlenecks and legislative and bureaucratic paralysis.
Visit Video News at Click Here
English News http://newsmasthi.com/player.php?pid=49116
Telugu News http://newsmasthi.com/player.php?pid=49271
And Also More Movie and Political Video News at Click Here Newsmasthi
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