Is Raghuram Rajan behind the curve?5 min read . Updated: 07 Sep 2015, 07:40 AM IST
Some overseas investors and many in India's corporate sector feel Rajan has been doing a fantastic job, but they have one complaint: he has been behind the curve
Mumbai: Some overseas investors and many in India’s corporate sector believe that Reserve Bank of India (RBI) governor Raghuram Rajan has been doing a fantastic job, but they have one complaint: Rajan, who completed his second year in office last week, like his predecessor D. Subbarao, has been behind the curve. While Subbarao was slow in raising interest rates, allowing inflation to surge, Rajan has been slow in cutting rates.
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