For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

New RBI Governor Raghuram Rajan to face tough times with rising CAD and falling rupee

By Religare
|
New RBI Governor Raghuram Rajan to face tough times
Raghuram Rajan has his job cut out as the new RBI Governor as he will have to deal with declining value of Rupee, widening Current Account Deficit (CAD) and the impact of likely tapering of US bond purchases, reported PTI.
 

Rajan, 50, who has been in the Finance Ministry as the Chief Economic Advisor for barely a year, will replace Duvvuri Subbarao as the Governor on September 4.

Rajan's appointment as the 23rd central bank chief comes at a challenging time, when the economy is battling industrial slowdown, declining rupee, rising prices and all-time high CAD.

According to the media reports, Rajan is known for his frank views and was acclaimed for predicting the 2008 global financial crisis. In 2005, Rajan had delivered a lecture critical of the financial sector, arguing that a financial disaster might be looming.

Dion Global Solutions Ltd.

Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more