RBI monetary policy: Raghuram Rajan explains the finer points

Raghuram Rajan said that the RBI will proceed in a calibrated way of eliminating the structural deficit. Photo: Aniruddha Chowdhury/Mint Mumbai: On Tuesday, Raghuram Rajan presented his last monetary policy announcement as the governor of the Reserve Bank of India (RBI). While Rajan maintained status quo on key policy rates […]

Raghuram Rajan hands over India inflation battle with legacy in balance

Six-member panel is one of the most significant steps remaining in the biggest overhaul of RBI in its eight-decade history, a process initiated by Rajan when he took charge three years ago. Photo: Reuters Mumbai/New Delhi: Central bank Governor Raghuram Rajan’s ultimate legacy for India’s economy will be decided years […]

RBI soaking up foreign inflows to curb impact on rupee: Raghuram Rajan

A file photo of RBI governor Raghuram Rajan. Photo: Mint Mumbai: India’s central bank is trying to prevent the rupee from becoming too volatile by regularly buying dollars when there are inflows from foreign investors, Reserve Bank of India governor Raghuram Rajan said on Wednesday. Rajan, in a television interview, […]

Rajan says was open to RBI extension to take care of unfinished business

Towards the end of his three-year tenure, Raghuram Rajan faced personal attacks from BJP MP Subramanian Swamy who had alleged that the former IMF chief economist was not ‘mentally not fully Indian’. Photo: Pradeep Gaur/Mint New Delhi: Reserve Bank of India (RBI) governor Raghuram Rajan, whose three-year term ends in […]

How Raghuram Rajan and Jaitley have been working to ensure that rate cuts don’t go wasted

Image credit: Nicholas Kamm/AFP The lay observer wouldn’t be faulted for thinking more than half of all stories in the pink papers are about the Reserve Bank of India’s interest rates: Businessmen (and the finance minister) demanding cheaper rates, economists arguing that this will cause inflation and analysts hedging. The Economic […]