Rajan’s inflation-fighting credibility holds lessons for vulnerable emerging markets

When Raghuram Rajan took the reins of the Reserve Bank of India (RBI) in September last year, the rupee, India’s currency, stood at a record low of nearly 70 to the US dollar amid a loss of confidence in Indian policymaking triggered by the US Federal Reserve’s decision t

via South China Morning Post - Business feed http://ift.tt/11WoRJZ