RBI Governor Raghuram Rajan

RBI Governor Raghuram Rajan

Dhiraj Singh/Bloomberg

Raghuram Rajan, governor of the Reserve Bank of India (RBI), vowing to fight price pressures, raised the repo rate by a quarter point to 7.5 percent in his first review on Sept. 20. He also eased some liquidity curbs in the banking system imposed by predecessor Duvvuri Subbarao to support the rupee.