All about new RBI Governor Raghuram Rajan

Raghuram Rajan is appointed as the Reserve Bank of India Governor for a three year term, successor to Dr. Subbarao whose term ends on September 4th. Mr. Rajan expected to balance out Central Bank and Government objectives amidst tricky fundamentals

Mr. Rajan recent statements and views:

. The RBI and Government are on the same page and working together to ensure stability and growth of the economy.

. On INR - Stabilising the battered rupee is a priority,

. On Growth - RBI's action in this regard must not hurt growth too much.- "The RBI has come up with measures to put stability in the exchange rate. With these measures I hope there should not be serious consequences to growth. We    must try to ensure that growth is not diminished,"

. On Monetary Policy - "The priority for monetary policy now is to restore        stability in the currency market so that macro-financial conditions remain      supportive of growth," even though it admitted that growth recovery is likely to be slower.

. On CAD - The


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