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TAKE A LOOK-Indian c. bank chief Rajan's quest to reform markets
May 20, 2014 / 9:37 AM / 3 years ago

TAKE A LOOK-Indian c. bank chief Rajan's quest to reform markets

MUMBAI, May 20 (Reuters) - Reserve Bank of India Governor Raghuram Rajan, who took office on Sept. 4, is driving modernisation of the country’s financial system, including a revamp in monetary policy and a quest to further develop debt markets.

Under Rajan, the RBI has focused on consumer inflation to set monetary policy, having raised interest rates by three-quarter of a percentage point. The central bank has also moved swiftly to unveil new market products, including term repos in October and bond futures in January.

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Compiled by Rafael Nam

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