Beyond the magic figure of 7.6 lies the bigger challenge for the Modi Government
The sforzando of Raghuram Rajan’s music is his half a percentage point rate cut, a dramatic easing of credit that could be just the stimulus India’s economy needs
Given how globalised India has got since the rupee was freed to float, turbulence was only to be expected. But it may not be such a bad idea to nudge the currency along a bit