Reserve Bank of India Governor Duvvuri Subbarao

Reserve Bank of India Governor Duvvuri Subbarao

Prashanth Vishwanathan/Bloomberg

Duvvuri Subbarao, governor of the Reserve Bank of India (RBI). Subbarao increased the repurchase rate by half a percentage point to 7.25 percent on May 3, the biggest move since July 2008, and indicated he is ready to step up the battle against inflation even at the risk of restraining growth.