As RBI Governor Raghuram Rajan retreats, his long-time nemesis advances
With the shock retreat from public office of the Reserve Bank of India chief comes the rise to international prominence of long-time nemesis Subramanian Swamy, a nationalist named to the upper house of parliament in April by the country`s ruling party.
Jun 21, 2016, 03:26 AM IST
Markets take Rajan's exit in stride; reverse early losses
Having faith in India's growth story amid good monsoon prospects and GDP growth, Stock markets took Raghuram Rajan's decision for 'no second term' in strides and reversed early losses. Sensex is trading up 74 points at 26,699; while Nifty recovered 19 points and trading at 8189 points.
Jun 20, 2016, 09:58 AM IST
Rexit 'bad omen' for Indian economy, reputation abroad: Experts
Calling RBI Governor Raghuram Rajan's exit a 'bad omen' for the Indian economy, eminent economists and former policymakers today said it will be seen by the world as India's non-approval to a policy against inflation and bad loans.
Jun 19, 2016, 13:44 PM IST
