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The new RBI Governor struggles to maintain stability in the face of the threat of a US tapering even as other countries face turmoil in the absence of control on capital flows.
* This article was originally published in the Frontline Print edition: March 7, 2014.
TAGS:
C. P. Chandrasekhar, Raghuram Rajan, Reserve Bank of India. US Federal Reserves, tapering, fiscal consolidation, monetary policy, monetary regimes, inflation targeting, capital flight, currency appreciation, India, Asia
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