It's worth taking a look back at India, and the progress under the new(ish) Governor.
It is reassuring to note that the pressure on the currency noted back in early September has abated, with the record lows seen then, reversed by some 10%. The rebound exhibited there has also been reflected by a similar rise over the same time frame in the Sensex. Governor Rajan was only appointed on 4 September this year, so he can look back on his first 2 months as very satisfactory – but greater challenges l…
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