india central bank

Indian Central Bank Chief to Step Down in Surprise Move

By Devidutta Tripathy and Suvashree Choudhury MUMBAI, June 18 – India’s “rock star” central bank governor Raghuram Rajan, feted by foreign investors but under pressure from political opponents at home, stunned government officials and colleagues on Saturday by announcing he would step down after just one three-year term. Rajan, a former chief economist at the

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