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Pilla Bewarse
Username: Vkishore
Post Number: 537
Registered: 10-2011
Posted From: 149.199.62.254
Rating: N/A
Votes: 0 | | Posted on Wednesday, August 21, 2013 - 8:14 pm: | |
Nice artile in Foreign Policy mag
http://www.foreignpolicy.com/articles/2013/08/19/india_booming_why_is_rupee_cras hing_raghuram_rajan
article:With inflation still at 9.3 percent last year and possibly higher in 2013, the new governor of the Reserve Bank of India (RBI), Raghuram Rajan, has his work cut out for him. His job is to decide the supply of rupees, and by slowing the printing presses he could stem inflation. Yet by curtailing access to credit even further, he could also cool the economy, and not at a good time. India's leaders are already starting to worry about next year's elections, and the RBI is much less protected from their meddling than the Federal Reserve or the European Central Bank.
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