RBI Governor Raghuram Rajan

RBI Governor Raghuram Rajan

Dhiraj Singh/Bloomberg

“In an environment when there is external turmoil, we have to get our house in order and we can’t postpone that,” said Raghuram Rajan, governor of the Reserve Bank of India (RBI). “So a collateral benefit of getting inflation down is that you also strengthen the belief in the value of the rupee.”