Rajan also did his bit by taking steps to protect the currency against speculative attack as did the government in curbing gold imports and bringing the Current Account Deficit
The drought of appropriate employment opportunities and rising incidences of unemployed educated graduates fail to inspire confidence about the future, says Kunal Kumar Kundu
Everything seems to be falling in place for the new RBI governor but there is a need to prepare for the imminent tapering by the Fed.
All the indicators point to a further steady weakening of the Rupee.
October infrastructure output, which contributes nearly 38 per cent to the industrial output index, was up 3.2 per cent annually.
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