Rajan bags Euromoney's Best Central Bank Governor 2014 award

Posted By: Religare
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The Reserve Bank of India governor Raghuram Rajan has been conferred with the Best Central Bank Governor award for 2014 by Euromoney magazine, said the PTI report.

The magazine said Raghuram Rajan's tough monetary medicine combatted the storm ravaging the deficit-ridden economy in the recent emerging market crisis.

Rajan bags Euromoney's Best Central Bank Governor 2014 award
"Now, he is battling vested interests to arouse a sleepy financial system for over one billion people. Remarkably, the internationally-renowned economist, who earned acclaim for his warnings in 2005 of an upcoming global crisis of sorts, has, for the past year been true to his word," it said.

Rajan received Euromoney's Central Bank Governor of the Year Award 2014 in Washington on October 10, the RBI said in a release on Wednesday.

"As he confronted capital outflows, the rupee at record lows, and over-blown but palpable fears India was marching towards an Asia-crisis style abyss, Rajan duly administered tough monetary medicine to ailing bond and currency markets," Euromoney added.

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