rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » How Raghuram Rajan has performed so far

How Raghuram Rajan has performed so far

October 05, 2013 09:00 IST

How Raghuram Rajan has performed so far

     Next

Next

He has already succeeded in restoring calm in the foreign exchange market.

Raghuram Rajan has walked the talk so far. On his first day in office, he had said he would not work for votes or Facebook Likes.

The mid-quarter review of monetary policy on September 20 showed he would not hesitate to take tough decisions, he had hiked the repo rate.

The move stumped market participants. At the same time, he reduced the marginal standing facility (MSF) rate - that is operative rate now - to signal his willingness to restore normalcy in the money market. 

Rajan, who completed a month as the governor of Reserve Bank of India on Friday has already succeeded in restoring calm in the foreign exchange market. 

Business Standard takes a look at how things have changed for the better in the last one month.

Click on NEXT for more...

 


Image: Raghuram Rajan.
Photographs: Hitesh Harisinghani/Rediff.com

     Next

How Raghuram Rajan has performed so far

Prev     Next
Prev

Next

Rupee gains

The rupee logged its highest monthly gain in September.

Click NEXT to read more...




Prev     Next

How Raghuram Rajan has performed so far

Prev     Next
Prev

Next

Call rates

Short-term rates dropped below the double-digit mark.

Click NEXT to read more...




Prev     Next

How Raghuram Rajan has performed so far

Prev     Next
Prev

Next

Forex reserves

India's forex reserves have rebound after hitting a 39-month low.

Click NEXT to read more...




Prev     Next

How Raghuram Rajan has performed so far

Prev     More
Prev

More

Inflation

Hike in repo rate to 7.5 per cent to anchor inflation expectation.





Prev     More
Source: