Rajan Hands Over India Inflation Battle With Legacy in Balance
- Hopes monetary policy committee will be in place by October
- ‘What matters is how this plays out in the longer run’: Rajan
Rajan Holds Rates Steady in Final RBI Policy Review
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Central bank Governor Raghuram Rajan’s ultimate legacy for India’s economy will be decided years after he leaves office.
As he prepares to exit on Sept. 4, he’ll turn over control of monetary policy to his successor and a new rate-setting panel. That six-member committee is one of the most significant steps remaining in the biggest overhaul of India’s central bank in its eight-decade history, a process initiated by Rajan when he took charge three years ago.