Mumbai: New RBI Governor Raghuram Rajan on Wednesday came out with a slew of measures, including more trade settlement in rupees to rescue the battered financial markets and hinted at a shift in focu

Mumbai: Raghuram Rajan, a suave, unflappable University of Chicago economist, on Wednesday took over as the new Governor of the Reserve Bank of India amidst gloom all over. He is bound to step into t

Singapore: On August 6, three weeks after the Reserve Bank of India (RBI) began engineering an increase in short-term money market rates to attract speculators, the Indian currency slid to a new reco

Mumbai: As the 23rd  governor-designate of the Reserve Bank of India, Raghuram Rajan — a former IMF chief economist and presently chief economic advisor to the government — is an X factor. There is a

India faces at least “a one-in-three” chance of losing its prized sovereign grade rating, global ratings agency Standard and Poor's has warned, amid new threats to economic growth and reforms.

India has appointed Raghuram Rajan, the outspoken former chief economist to the International Monetary Fund who is critical of the government's economic management, as its top adviser at the finance m