India’s New Central Banker Isn’t a Superhero
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Sept. 6 (Bloomberg) -- The most important indicator ofwhether India will crash is the sweat on Raghuram Rajan’s brow.
The new Reserve Bank of India governor arrived in Mumbaithis week with a bang, announcing a slew of reforms to free upand expand the banking sector and to draw more Indians into theformal financial system. The news impressed traders, who stagedmuch-needed rallies in both stocks and the rupee on Sept. 5.