Rajan believes that it is too early to be complacent about inflation. For him, it is too risky to cut rates now. The reality is that Rajan isn’t likely to get a more benign scenario for a rate cut
TCA Raghavan is a former Indian High Commissioner to Pakistan and Singapore. His first book, Attendant Lords: Abdur Rahim and Bairam Khan: Courtiers and Poets in Mughal India, was awarded the Mohammad Habib Prize by the Indian History Congress. He is also the author of The People Next Door: The Curious History of India’s Relations with Pakistan and History Men: Jadunath Sarkar, G S Sardesai, Raghubir Sinh and Their Quest for India’s Past. His latest book is Circles of Freedom: Love, Friendship and Loyalty in the Indian National Struggle