Joseph Stiglitz, Former Chief Economist at World Bank and Professor at Columbia University, believes that Hillary Clinton would be the best US President not only for India but for the whole world.
Rajan, in a phone interview with ET NOW television channel, also said the central bank would ensure orderly movement in financial markets and was prepared to inject appropriate amounts of domestic as well as foreign liquidity into markets.
Paul Mackel, Managing Director-Head Of Asian Currency Research, HSBC expects to rupee to be around 69/USD by year-end and at similar levels by end of FY17.
Government would take its "own course" on giving a second term to Reserve Bank of India Governor Raghuram Rajan and deliberations and discussions in public domain would not decide it, Union Law Minister Sadananda Gowda said today.
The rupee headed to a one-week low against the dollar on Wednesday following a report from a major regional newspaper that Reserve Bank of India Governor Raghuram Rajan did not want to remain at the central bank, citing unidentified sources.
Reserve Bank of India Governor Raghuram Rajan went with the majority view of the external members of its monetary policy committee that suggested a repo rate cut at the April review, according to the minutes released on Thursday.
Chiefs of financial sector regulators, including that of RBI and SEBI, along with senior officials at the finance ministry today took stock of the major developments on the global and domestic fronts that impinge on the financial stability of the country.
The World Bank chief Jim Yong Kim on Friday said that the "strong visionary leadership" of Prime Minister Narendra Modi has resulted in "extraordinary effort" by India on financial inclusion of its people.
Lew will host Chidambaram on October 13 for the fourth annual meeting of the India US Economic and Financial partnership.
The repo rate hike "indicates that the new Governor is focusing more on inflation than growth. We now expect RBI to increase repo rate by 0.25 per cent each at the next two policy meetings to 8 per cent by end of 2013," house economists at British lender Standard Chartered said.