Jun
20
Why Wall Street’s Worried About the End of Rajan’s Reign
ByWill the reformer’s work go unfinished?
The Indian rupee slumped as investors reacted to the news that Reserve Bank of India Governor Raghuram Rajan will return to academia in early September.
At India’s central bank, the former International Monetary Fund chief economist not only oversaw a revolution in the conduct of monetary policy but also pushed for structural reforms and commented on fiscal policy, often drawing the ire of lawmakers in the process…
