- In its last meeting under the helm of Governor Raghuram Rajan, the Reserve Bank of India left monetary policy steady, keeping the repo rate and reverse repo rate unchanged at 6.5% and 6%, respectively.
- Rajan became a popular figure in a country where central bankers typically stay outside the limelight, winning plaudits in some quarters for nudging banks to do more about their bad debts but was criticized by some for not cutting rates aggressively enough.
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