Raghuram Rajan, took over as the 23rd governor of the central bank on Wednesday , at a time when the country is going through a economic turmoil. On joining he announced some measures which evokes a positive response in the financial market. Among others, he announced that:Read more
- The Reserve Bank, he said, would announce steps to attract more funds from
overseas by subsidising hedging costs for banks and making it easier for importers and exporters to hedge currency risk.
- He postponed the announcement of his first monetary policy statement to...