Rajan Sees Rupee as Investment Currency; Dollar Debt Curbed

Updated on
  • Monetary policy `just right' to reach 2017 inflation target
  • Investors now less convinced dollar borrowing a one-way bet

Raghuram Rajan

Photographer: Dhiraj Singh/Bloomberg

India’s central bank Governor Raghuram Rajan hailed prospects for deepening his nation’s debt market and cited diminishing dollar borrowing that would help reduce vulnerability should the U.S. currency climb.

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