Rajan's war on inflation puts onus on Singh

Sep 22, 2013

Rajan's war on inflation puts onus on Singh

by Kartik Goyal

Indian central bank chief Raghuram Rajan’s surprise move to raise the policy interest rate adds pressure on Prime Minister Manmohan Singh to take politically challenging steps to boost economic growth as elections near. The Reserve Bank of India unexpectedly raised the benchmark repurchase rate ...