Rbi Governer

Moody's can afford to be sanctimonious but Raghuram Rajan has no business to be

What has raised eyebrows and hackles alike is the Reserve Bank of India Governor Raghuram Rajan almost echoing Moody’s views while addressing Delhi IIT convocation ceremony.

Dr Raghuram Rajan, mind the sharks on Mint Street

In the end, Rajan's success or failure may be determined not so much by how he handles the "Impossible Trinity" of managing growth, inflation and exchange rates simultaneously but by how he copes with the "Impossible Trinity" of the RBI bureaucracy, North Block and vested interests in the financial sector.