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No magic wand to deal with economic woes: Rajan

Reserve Bank of India governor-designate Raghuram G Rajan on Tuesday said there is no magic wand to pull the country instantly out of challenges being faced by the economy.
RBI says it has no magic wand to bring down inflation

After having raised its key policy rates 10 times in a year-and-a-half to check inflation which remains stubborn, the Reserve Bank on Friday said it has no magic wand to bring down the rate of price rise.

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