India Appoints Renowned Economist to Head Central Bank

At a time when India’s currency is plunging and its economy is in a downward spiral, a renowned economist has taken charge of the nation’s central bank. The new governor faces an uphill task in restoring faith in both the country’s currency and its economy.
The new head of India’s central bank, Raghuram Rajan, is a former chief economist at the International Monetary Fund who is well known for having predicted the 2008 global financial crisis two years …

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